Generali Investments CEE investicni spolecnost a.s. Invests $1.79 Million in Spectrum Brands Holdings Inc. (NYSE:SPB)

Generali Investments CEE investicni spolecnost a.s. purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $1,789,000. Generali Investments CEE investicni spolecnost a.s. owned 0.10% of Spectrum Brands as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SPB. Pzena Investment Management LLC raised its position in shares of Spectrum Brands by 1.7% in the fourth quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company's stock valued at $112,654,000 after purchasing an additional 22,484 shares during the period. Callodine Capital Management LP increased its holdings in Spectrum Brands by 29.8% during the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock worth $44,568,000 after acquiring an additional 121,000 shares during the period. FIL Ltd lifted its stake in Spectrum Brands by 8.7% in the 4th quarter. FIL Ltd now owns 461,568 shares of the company's stock worth $38,998,000 after purchasing an additional 36,798 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Spectrum Brands by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock valued at $38,089,000 after purchasing an additional 7,198 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of Spectrum Brands by 4.0% during the 4th quarter. Systematic Financial Management LP now owns 359,748 shares of the company's stock valued at $30,395,000 after purchasing an additional 13,743 shares in the last quarter.

Insider Buying and Selling

In other news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $63.77, for a total transaction of $330,328.60. Following the transaction, the chief executive officer owned 718,427 shares of the company's stock, valued at approximately $45,814,089.79. The trade was a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.90% of the company's stock.

Analyst Ratings Changes

SPB has been the topic of a number of recent analyst reports. Monness Crespi & Hardt lowered their price objective on 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 research note on Wednesday, June 25th. UBS Group raised their price target on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company dropped their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.00.

Spectrum Brands Price Performance

NYSE:SPB opened at $56.58 on Friday. The business's 50-day simple moving average is $58.14 and its two-hundred day simple moving average is $69.66. Spectrum Brands Holdings Inc. has a 52 week low of $50.73 and a 52 week high of $96.62. The stock has a market cap of $1.39 billion, a PE ratio of 27.07 and a beta of 0.90. The company has a quick ratio of 1.40, a current ratio of 2.34 and a debt-to-equity ratio of 0.34.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.67). The company had revenue of $675.70 million for the quarter, compared to the consensus estimate of $701.00 million. Spectrum Brands had a return on equity of 5.20% and a net margin of 2.02%. The company's revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. As a group, analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is 89.95%.

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.

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