Caisse DE Depot ET Placement DU Quebec Makes New $1.94 Million Investment in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Caisse DE Depot ET Placement DU Quebec purchased a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,000 shares of the company's stock, valued at approximately $1,943,000. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Spectrum Brands at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Freestone Grove Partners LP acquired a new stake in shares of Spectrum Brands in the 4th quarter valued at about $424,000. AQR Capital Management LLC grew its stake in Spectrum Brands by 76.4% in the fourth quarter. AQR Capital Management LLC now owns 261,507 shares of the company's stock valued at $22,095,000 after acquiring an additional 113,238 shares during the period. Lido Advisors LLC increased its holdings in shares of Spectrum Brands by 769.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the company's stock valued at $545,000 after acquiring an additional 5,713 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Spectrum Brands by 3.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 98,140 shares of the company's stock worth $8,292,000 after purchasing an additional 3,324 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in Spectrum Brands in the 4th quarter valued at $773,000.

Spectrum Brands Stock Down 3.5 %

NYSE:SPB traded down $2.27 on Friday, hitting $61.83. The stock had a trading volume of 663,349 shares, compared to its average volume of 416,345. Spectrum Brands Holdings, Inc. has a 1 year low of $56.50 and a 1 year high of $96.62. The firm's fifty day simple moving average is $66.03 and its two-hundred day simple moving average is $79.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The stock has a market cap of $1.63 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The business had revenue of $675.70 million for the quarter, compared to analysts' expectations of $701.00 million. During the same period in the previous year, the business posted $1.62 earnings per share. The business's revenue was down 6.0% compared to the same quarter last year. Analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

Analysts Set New Price Targets

SPB has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and raised their price target for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada decreased their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, UBS Group increased their price objective on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and an average price target of $95.71.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.