32,639 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Bought by Universal Beteiligungs und Servicegesellschaft mbH

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Spectrum Brands by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after acquiring an additional 7,198 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at about $387,000. Wealthfront Advisers LLC purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at about $16,606,000. Raymond James Financial Inc. purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at about $972,000. Finally, Ieq Capital LLC purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at about $562,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPB. Canaccord Genuity Group raised 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 report on Friday, February 7th. Wells Fargo & Company reduced their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Monness Crespi & Hardt reduced their target price on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. UBS Group boosted their target price on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Royal Bank of Canada reduced their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.17.

Spectrum Brands Stock Performance

SPB traded down $0.13 on Friday, hitting $55.84. 400,084 shares of the company traded hands, compared to its average volume of 417,622. The company has a 50 day moving average of $61.65 and a 200-day moving average of $75.18. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.40 billion, a PE ratio of 13.72, a PEG ratio of 1.70 and a beta of 0.93. Spectrum Brands Holdings, Inc. has a 12-month low of $54.55 and a 12-month high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The business had revenue of $675.70 million for the quarter, compared to analysts' expectations of $701.00 million. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $1.62 earnings per share. Sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is 89.95%.

Insider Transactions at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $63.77, for a total value of $330,328.60. Following the sale, the chief executive officer now owns 718,427 shares in the company, valued at $45,814,089.79. This represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.