Trexquant Investment LP Trims Stock Position in Newell Brands Inc. $NWL

Trexquant Investment LP lowered its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 94.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,061 shares of the company's stock after selling 1,380,331 shares during the quarter. Trexquant Investment LP's holdings in Newell Brands were worth $515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands in the 4th quarter valued at $33,000. Farther Finance Advisors LLC grew its position in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after acquiring an additional 4,169 shares during the period. NBC Securities Inc. boosted its position in shares of Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after buying an additional 10,258 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Newell Brands in the first quarter valued at $69,000. Finally, MQS Management LLC acquired a new stake in shares of Newell Brands in the 1st quarter valued at about $89,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

NASDAQ:NWL traded down $0.17 on Friday, reaching $5.92. The stock had a trading volume of 5,979,776 shares, compared to its average volume of 7,255,547. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a fifty day moving average price of $5.71 and a 200-day moving average price of $5.64. The company has a market capitalization of $2.48 billion, a P/E ratio of -10.03 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's payout ratio is presently -47.46%.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Citigroup reiterated a "neutral" rating and issued a $6.00 price target (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Canaccord Genuity Group reduced their price target on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. UBS Group raised their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the transaction, the chief executive officer owned 52,007 shares in the company, valued at approximately $265,755.77. The trade was a 14.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.71% of the company's stock.

Newell Brands Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.