Harvest Fund Management Co. Ltd Makes New $112,000 Investment in Energizer Holdings, Inc. (NYSE:ENR)

Harvest Fund Management Co. Ltd bought a new position in Energizer Holdings, Inc. (NYSE:ENR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,206 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds also recently made changes to their positions in ENR. Raymond James Financial Inc. purchased a new position in shares of Energizer in the fourth quarter valued at $11,718,000. Verition Fund Management LLC grew its position in shares of Energizer by 56.5% in the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Energizer in the fourth quarter valued at $5,545,000. Zacks Investment Management purchased a new position in shares of Energizer in the third quarter valued at $3,910,000. Finally, NewSquare Capital LLC purchased a new position in shares of Energizer in the fourth quarter valued at $3,783,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Trading Down 1.4 %

Shares of ENR stock opened at $29.46 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The business has a 50-day moving average price of $32.00 and a two-hundred day moving average price of $33.11. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.52. The firm has a market cap of $2.13 billion, a P/E ratio of 37.30 and a beta of 1.09.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group reduced their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.38.

Energizer Company Profile

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.