Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,639 shares of the company's stock, valued at approximately $2,758,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Spectrum Brands at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPB. Steward Partners Investment Advisory LLC purchased a new stake in Spectrum Brands in the 4th quarter worth $50,000. Blue Trust Inc. raised its position in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after purchasing an additional 375 shares during the period. KBC Group NV raised its position in Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after purchasing an additional 390 shares during the period. Lazard Asset Management LLC grew its stake in Spectrum Brands by 89.6% in the 4th quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after acquiring an additional 692 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new position in Spectrum Brands in the 4th quarter worth about $237,000.

Wall Street Analyst Weigh In

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

Insider Buying and Selling 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 transaction of $4,324,980.00. Following the sale, the chief executive officer now directly owns 723,607 shares in the company, valued at approximately $47,417,966.71. This represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Spectrum Brands Trading Up 0.7%

Shares of NYSE:SPB traded up $0.38 during mid-day trading on Friday, reaching $56.34. 45,394 shares of the company were exchanged, compared to its average volume of 416,492. 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 firm has a market cap of $1.41 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.70 and a beta of 0.93. The firm's 50-day simple moving average is $61.65 and its 200 day simple moving average is $75.18. Spectrum Brands Holdings, Inc. has a 1 year low of $54.55 and a 1 year high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data 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). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The company had revenue of $675.70 million for the quarter, compared to analysts' expectations of $701.00 million. During the same period in the previous year, the business posted $1.62 EPS. The business's revenue for the quarter was down 6.0% on a year-over-year basis. Equities research 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 will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.47 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.88 annualized dividend and a yield of 3.34%. Spectrum Brands's dividend payout ratio is presently 89.95%.

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.