Natixis Trims Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Natixis lowered its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,044 shares of the company's stock after selling 18,031 shares during the quarter. Natixis owned approximately 0.12% of Spectrum Brands worth $2,876,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Anchor Capital Advisors LLC raised its holdings in shares of Spectrum Brands by 1.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after purchasing an additional 184 shares in the last quarter. Fox Run Management L.L.C. grew its position in shares of Spectrum Brands by 5.3% in the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock worth $308,000 after buying an additional 185 shares during the last quarter. Legato Capital Management LLC grew its position in shares of Spectrum Brands by 2.2% in the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock worth $786,000 after buying an additional 198 shares during the last quarter. Blue Trust Inc. grew its position in shares of 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 buying an additional 375 shares during the last quarter. Finally, West Oak Capital LLC grew its position in shares of Spectrum Brands by 1.4% in the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock worth $2,312,000 after buying an additional 375 shares during the last quarter.

Analyst Ratings Changes

SPB has been the topic of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. UBS Group cut their price objective on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.43.

Spectrum Brands Stock Performance

SPB stock traded up $0.36 during midday trading on Friday, reaching $62.64. The stock had a trading volume of 298,481 shares, compared to its average volume of 410,156. The stock has a market cap of $1.65 billion, a PE ratio of 15.39, a P/E/G ratio of 1.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a fifty day simple moving average of $68.97 and a two-hundred day simple moving average of $81.01. Spectrum Brands Holdings, Inc. has a 52-week low of $57.66 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period last year, the business posted $0.78 earnings per share. As a group, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.00%. Spectrum Brands's payout ratio is currently 46.19%.

About Spectrum Brands

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.