Aqua Capital, Ltd., a 10% owner and director of Energizer Holdings, Inc. (NYSE:ENR), has executed a significant acquisition of the consumer staples manufacturer's equity. The entity purchased a total of 100,000 shares of common stock, representing an investment of approximately $2.02 million. These transactions were completed over a two-day period in July 2026, specifically on July 17 and July 20. The timing of this insider buying is notable as the stock currently trades at $20.08, a level that places it below InvestingPro’s Fair Value estimate and on its Most Undervalued list.
According to a Form 4 filing submitted to the Securities and Exchange Commission, the acquisition was executed through multiple blocks. On July 17, Aqua Capital purchased two separate blocks of 20,000 shares each. The weighted average prices for these specific transactions were recorded at $20.5084 and $20.4606 per share. Three days later, on July 20, the entity acquired three additional blocks of 20,000 shares each. The weighted average prices for these July 20 purchases were $20.0876, $19.9389, and $20.047 per share. The individual trades within these blocks occurred at prices ranging from $19.8300 to $20.590.
Following the completion of these transactions, Aqua Capital, Ltd. directly holds 7,760,000 shares of Energizer Holdings common stock. While the shares are owned directly by the entity, the beneficial ownership is structured indirectly through a complex network of entities and trusts. This structure includes Durango Capital, Ltd., The Apollo Trust, The Minerva Trust, Fundacion Omerinta, Brinza International Corp., and Fundacion Barniz.
This accumulation strategy occurs against the backdrop of Energizer Holdings' recent financial reporting. The company reported its second-quarter fiscal 2026 earnings, which featured a substantial earnings per share beat of 100%. The actual reported EPS was $0.94, significantly outperforming the forecasted $0.47. However, the revenue performance did not meet expectations, with the company posting $643.3 million against an anticipated $664.19 million. Despite the strong EPS performance, the stock price experienced a decline following the report.
Aqua Capital's recent activity highlights a significant perceived valuation gap. The stock currently trades at a price-to-earnings ratio of 7.9x, a metric that suggests potential undervaluation compared to peer companies. This buying activity aligns with broader corporate actions, as InvestingPro Tips notes that management has been aggressively buying back shares. Furthermore, the company maintains a low earnings multiple of 7.1 and offers a significant dividend yield of nearly 6%.
Recent purchases by Aqua Capital include 80,000 shares acquired over two days in July, with prices ranging from $20.25 to $20.81 per share. This consistent accumulation strategy indicates a deliberate approach to increasing its stake in Energizer, now holding approximately 7.48 million shares. The transaction underscores the intersection of insider confidence and market valuation metrics within the consumer staples sector.