Louisiana State Employees Retirement System Lowers Position in Edgewell Personal Care Co (NYSE:EPC)

Louisiana State Employees Retirement System trimmed its holdings in Edgewell Personal Care Co (NYSE:EPC) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,300 shares of the company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Edgewell Personal Care were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EPC. Acadian Asset Management LLC increased its holdings in shares of Edgewell Personal Care by 577.3% in the 3rd quarter. Acadian Asset Management LLC now owns 4,152 shares of the company’s stock valued at $192,000 after purchasing an additional 3,539 shares during the period. Engineers Gate Manager LP acquired a new position in Edgewell Personal Care in the third quarter worth approximately $1,971,000. Prudential Financial Inc. increased its holdings in Edgewell Personal Care by 7.2% in the third quarter. Prudential Financial Inc. now owns 106,737 shares of the company’s stock worth $4,934,000 after buying an additional 7,205 shares during the last quarter. Vanguard Group Inc increased its holdings in Edgewell Personal Care by 1.5% in the third quarter. Vanguard Group Inc now owns 4,987,533 shares of the company’s stock worth $230,573,000 after buying an additional 74,263 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Edgewell Personal Care in the third quarter worth approximately $4,910,000.

EPC opened at $44.64 on Thursday. Edgewell Personal Care Co has a 1-year low of $35.85 and a 1-year high of $59.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.46 and a quick ratio of 0.87. The company has a market capitalization of $2.29 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 4.47 and a beta of 0.66.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, February 7th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.22 by $0.15. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $445.53 million. Edgewell Personal Care had a return on equity of 11.57% and a net margin of 4.33%. Edgewell Personal Care’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. As a group, sell-side analysts predict that Edgewell Personal Care Co will post 3.38 EPS for the current year.

A number of research firms recently commented on EPC. ValuEngine upgraded Edgewell Personal Care from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Barclays set a $39.00 target price on Edgewell Personal Care and gave the stock a “sell” rating in a research report on Monday, November 19th. Jefferies Financial Group reaffirmed a “hold” rating and set a $49.00 target price on shares of Edgewell Personal Care in a research report on Tuesday, November 13th. Finally, Deutsche Bank decreased their target price on Edgewell Personal Care from $49.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.73.

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Edgewell Personal Care Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.

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Institutional Ownership by Quarter for Edgewell Personal Care (NYSE:EPC)

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