Quantbot Technologies LP Invests $1.01 Million in Energizer Holdings, Inc. (NYSE:ENR)

Quantbot Technologies LP acquired a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,682 shares of the company’s stock, valued at approximately $1,006,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarkston Capital Partners LLC increased its stake in shares of Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. LSV Asset Management raised its holdings in Energizer by 2.0% during the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after buying an additional 31,900 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Energizer by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after buying an additional 15,982 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after buying an additional 19,836 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after acquiring an additional 240,402 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,860 shares of company stock worth $334,694. 0.77% of the stock is currently owned by company insiders.

Energizer Stock Performance

NYSE:ENR opened at $38.11 on Monday. The firm’s 50-day moving average is $33.28 and its 200-day moving average is $30.99. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.21.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.15%. Energizer’s dividend payout ratio (DPR) is 230.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Canaccord Genuity Group boosted their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.63.

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.