UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 9,911 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,250 shares of the company's stock after acquiring an additional 9,911 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.39% of Spectrum Brands worth $8,893,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPB. Man Group plc boosted its position in shares of Spectrum Brands by 160.5% in the fourth quarter. Man Group plc now owns 320,178 shares of the company's stock valued at $27,052,000 after acquiring 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. Two Sigma Advisers LP boosted its position in shares of Spectrum Brands by 403.9% in the fourth quarter. Two Sigma Advisers LP now owns 233,800 shares of the company's stock valued at $19,754,000 after acquiring an additional 187,400 shares during the period. Trexquant Investment LP boosted its position 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 during the period. Finally, Callodine Capital Management LP boosted its position in shares of Spectrum Brands by 29.8% in 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.

Analysts Set New Price Targets

SPB has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of 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. Monness Crespi & Hardt dropped their target price 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. UBS Group lifted their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Royal Bank of Canada dropped their target price 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. Finally, Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the company from $94.00 to $102.00 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 stock. According to data from MarketBeat, Spectrum Brands currently has an average rating of "Moderate Buy" and a consensus target price of $89.17.

Spectrum Brands Price Performance

Shares of SPB stock traded up $0.46 during trading hours on Wednesday, hitting $56.24. 481,765 shares of the company's stock were exchanged, compared to its average volume of 417,992. The company has a market capitalization of $1.41 billion, a PE ratio of 13.82, a PEG ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 12-month low of $54.55 and a 12-month high of $96.62. The business's 50 day simple moving average is $61.96 and its 200-day simple moving average is $75.42. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The firm had revenue of $675.70 million for the quarter, compared to the consensus estimate of $701.00 million. During the same quarter in the prior year, the company earned $1.62 earnings per share. The company's quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders 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 3.34%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's payout ratio is currently 89.95%.

Insider Buying and Selling at Spectrum Brands

In other news, CEO David M. Maura sold 5,180 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $63.77, for a total value of $330,328.60. Following the sale, the chief executive officer now directly owns 718,427 shares of the company's stock, valued at $45,814,089.79. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company's stock.

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.