Quantinno Capital Management LP Has $4.70 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Quantinno Capital Management LP lifted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 reporting period.

Other institutional investors have also bought and sold shares of the company. Man Group plc increased its stake in Spectrum Brands by 160.5% during the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock valued at $27,052,000 after buying an additional 197,263 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $16,606,000. Trexquant Investment LP boosted its holdings in shares of Spectrum Brands by 2,541.2% in the fourth quarter. Trexquant Investment LP now owns 148,698 shares of the company's stock valued at $12,563,000 after acquiring an additional 143,068 shares in the last quarter. Callodine Capital Management LP increased its stake in shares of Spectrum Brands by 29.8% during the fourth quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after acquiring an additional 121,000 shares during the period. Finally, First Trust Advisors LP raised its holdings in Spectrum Brands by 261.9% during the fourth quarter. First Trust Advisors LP now owns 163,143 shares of the company's stock worth $13,784,000 after purchasing an additional 118,060 shares in the last quarter.

Spectrum Brands Price Performance

Shares of SPB traded down $1.20 during trading hours on Friday, hitting $57.32. 146,259 shares of the company were exchanged, compared to its average volume of 411,542. 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 market capitalization of $1.43 billion, a PE ratio of 14.13, a PEG ratio of 1.70 and a beta of 1.00. The firm has a fifty day simple moving average of $64.38 and a 200-day simple moving average of $77.59. Spectrum Brands Holdings, Inc. has a one year low of $40.00 and a one year high of $96.62.

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

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's payout ratio is 89.95%.

Insider Transactions at Spectrum Brands

In related news, CEO David M. Maura sold 66,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $65.53, for a total value of $4,324,980.00. Following the completion of the sale, the chief executive officer now owns 723,607 shares in the company, valued at approximately $47,417,966.71. This represents a 8.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.