Universal Beteiligungs und Servicegesellschaft mbH Acquires 7,523 Shares of Spectrum Brands Holdings Inc. (NYSE:SPB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Spectrum Brands Holdings Inc. by 23.0%, acquiring an additional 7,523 shares to total 40,162 shares valued at approximately $2.87 million.
• CEO David M. Maura sold 5,180 shares of Spectrum Brands for about $330,328, reducing his holdings to 718,427 shares worth around $45.81 million.
• Spectrum Brands reported earnings of $0.68 per share, missing analysts' estimates of $1.35, with a revenue of $675.70 million for the quarter, down 6.0% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 23.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,162 shares of the company's stock after buying an additional 7,523 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of Spectrum Brands worth $2,874,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Spectrum Brands by 101.7% in the 1st quarter. Versant Capital Management Inc now owns 970 shares of the company's stock worth $69,000 after purchasing an additional 489 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Spectrum Brands during the first quarter valued at approximately $118,000. Lazard Asset Management LLC grew 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 valued at $123,000 after purchasing an additional 692 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in Spectrum Brands during the first quarter valued at approximately $253,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Spectrum Brands by 13.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company's stock valued at $275,000 after purchasing an additional 396 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. 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 note on Friday, May 9th. Monness Crespi & Hardt reduced 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 note on Wednesday, May 14th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Finally, Canaccord Genuity Group set a $77.00 price objective on shares of Spectrum Brands and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Spectrum Brands Stock Performance

NYSE:SPB traded down $0.99 during trading hours on Friday, hitting $52.52. 591,781 shares of the company traded hands, compared to its average volume of 540,599. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 25.13 and a beta of 0.90. Spectrum Brands Holdings Inc. has a twelve month low of $50.73 and a twelve month high of $96.62. The firm has a 50-day moving average of $55.54 and a 200 day moving average of $66.01. The company has a current ratio of 2.34, a quick ratio of 1.40 and a debt-to-equity ratio of 0.34.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.67). The company had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. Spectrum Brands had a net margin of 2.02% and a return on equity of 5.20%. Spectrum Brands's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, May 27th. Spectrum Brands's payout ratio is 89.95%.

Insider Transactions at Spectrum Brands

In other Spectrum Brands news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 718,427 shares of the company's stock, valued at $45,814,089.79. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.90% of the stock is owned by company insiders.

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.