Quantinno Capital Management LP Buys 15,650 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Quantinno Capital Management LP grew its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 39.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,622 shares of the company's stock after purchasing an additional 15,650 shares during the quarter. Quantinno Capital Management LP owned about 0.20% of Spectrum Brands worth $4,700,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands in the fourth quarter worth about $50,000. Blue Trust Inc. grew its holdings in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after acquiring an additional 375 shares during the period. KBC Group NV lifted its stake in shares of Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after purchasing an additional 390 shares during the period. Lazard Asset Management LLC boosted its position 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 purchasing an additional 692 shares in the last quarter. Finally, Summit Trail Advisors LLC purchased a new stake in Spectrum Brands in the fourth quarter worth $237,000.

Insider Activity

In other news, CEO David M. Maura sold 5,180 shares of Spectrum Brands stock in a transaction on 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 now owns 718,427 shares in the company, valued at $45,814,089.79. This trade represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPB shares. UBS Group boosted their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Monness Crespi & Hardt lowered their price objective on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada dropped their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.17.

Spectrum Brands Stock Down 6.2%

NYSE SPB traded down $3.96 during mid-day trading on Wednesday, reaching $60.05. The stock had a trading volume of 544,049 shares, compared to its average volume of 418,759. The stock has a market cap of $1.50 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 1 year low of $56.50 and a 1 year high of $96.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The company has a fifty day moving average price of $64.88 and a 200 day moving average price of $77.94.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results 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). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The business had revenue of $675.70 million during the quarter, compared to analysts' expectations of $701.00 million. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is presently 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.