Louisiana State Employees Retirement System Sells 2,000 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Louisiana State Employees Retirement System cut its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,600 shares of the company’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Energizer were worth $1,004,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Clearstead Trust LLC raised its holdings in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Energizer during the 1st quarter worth approximately $64,000. Canada Pension Plan Investment Board bought a new stake in shares of Energizer during the 2nd quarter worth approximately $65,000. SG Americas Securities LLC boosted its holdings in shares of Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after buying an additional 919 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Energizer by 2,650.0% in the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock valued at $135,000 after buying an additional 4,399 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENR has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays increased their price target on Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Energizer Stock Performance

NYSE ENR opened at $32.38 on Monday. The firm’s 50 day simple moving average is $31.23 and its 200 day simple moving average is $30.07. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 231.30 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $36.72.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The company had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts expect that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.