25,000 Shares in Spectrum Brands Holdings Inc. (NYSE:SPB) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the company's stock, valued at approximately $1,789,000. Generali Investments CEE investicni spolecnost a.s. owned about 0.10% of Spectrum Brands at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SPB. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the 4th quarter worth about $50,000. Versant Capital Management Inc increased its stake in shares of Spectrum Brands by 101.7% in the first quarter. Versant Capital Management Inc now owns 970 shares of the company's stock valued at $69,000 after purchasing an additional 489 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Spectrum Brands in the first quarter valued at approximately $118,000. Lazard Asset Management LLC raised its holdings in shares of Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock valued at $123,000 after buying an additional 692 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Spectrum Brands during the first quarter worth approximately $253,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Monness Crespi & Hardt dropped their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Canaccord Genuity Group set a $77.00 target price on Spectrum Brands and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company decreased their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group boosted 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, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Insider Buying and Selling at Spectrum Brands

In other news, CEO David M. Maura sold 66,000 shares of Spectrum Brands stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $65.53, for a total transaction of $4,324,980.00. Following the completion of the transaction, the chief executive officer directly owned 723,607 shares in the company, valued at approximately $47,417,966.71. The trade was a 8.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.90% of the company's stock.

Spectrum Brands Trading Up 2.6%

Shares of NYSE SPB traded up $1.45 during midday trading on Tuesday, hitting $56.39. The stock had a trading volume of 590,329 shares, compared to its average volume of 449,478. The firm has a market cap of $1.38 billion, a P/E ratio of 26.98 and a beta of 0.90. Spectrum Brands Holdings Inc. has a fifty-two week low of $50.73 and a fifty-two week high of $96.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.34 and a quick ratio of 1.40. The company's 50-day simple moving average is $57.98 and its 200 day simple moving average is $69.22.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data 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 return on equity of 5.20% and a net margin of 2.02%. The company had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. During the same period last year, the firm earned $1.62 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. Research analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Tuesday, May 27th. Spectrum Brands's payout ratio is presently 89.95%.

Spectrum Brands 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.