Voloridge Investment Management LLC Has $2.11 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Voloridge Investment Management LLC increased its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 142.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,926 shares of the company's stock after purchasing an additional 14,662 shares during the period. Voloridge Investment Management LLC owned 0.09% of Spectrum Brands worth $2,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SPB. Steward Partners Investment Advisory LLC bought a new position in shares of Spectrum Brands during the 4th quarter worth approximately $50,000. Blue Trust Inc. raised its stake in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after acquiring an additional 375 shares during the period. KBC Group NV lifted its holdings in Spectrum Brands by 46.3% during 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 last quarter. Lazard Asset Management LLC boosted its position in Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after purchasing an additional 692 shares during the period. Finally, Summit Trail Advisors LLC bought a new position in Spectrum Brands during the fourth quarter worth $237,000.

Spectrum Brands Stock Performance

NYSE SPB traded down $2.88 during trading on Monday, reaching $54.89. The company's stock had a trading volume of 754,773 shares, compared to its average volume of 417,013. The firm has a 50 day moving average price of $62.57 and a 200 day moving average price of $75.69. Spectrum Brands Holdings, Inc. has a 12 month low of $54.62 and a 12 month high of $96.62. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

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 business 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 firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. As a group, equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.42%. Spectrum Brands's payout ratio is 89.95%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $63.77, for a total value of $330,328.60. Following the completion of the transaction, the chief executive officer now directly owns 718,427 shares in the company, valued at approximately $45,814,089.79. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company's stock.

About Spectrum Brands

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.