AQR Capital Management LLC Has $22.10 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

AQR Capital Management LLC grew its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 76.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,507 shares of the company's stock after acquiring an additional 113,238 shares during the quarter. AQR Capital Management LLC owned approximately 0.96% of Spectrum Brands worth $22,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands in the fourth quarter worth about $50,000. Blue Trust Inc. increased its position in shares of Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after acquiring an additional 375 shares in the last quarter. KBC Group NV boosted its position in shares of Spectrum Brands by 46.3% in the fourth quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after buying an additional 390 shares during the period. Summit Trail Advisors LLC purchased a new position in Spectrum Brands during the 4th quarter valued at about $237,000. Finally, City Center Advisors LLC purchased a new stake in Spectrum Brands in the 4th quarter worth approximately $306,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPB shares. Royal Bank of Canada reduced their price objective 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. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and increased their target price for the stock 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 on the stock in a report on Wednesday, April 16th. Finally, UBS Group lowered their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two investment 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.43.

Spectrum Brands Stock Down 2.8 %

Shares of Spectrum Brands stock traded down $1.83 on Tuesday, hitting $63.07. The company had a trading volume of 694,150 shares, compared to its average volume of 416,506. The stock has a 50-day moving average of $67.08 and a 200-day moving average of $79.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. Spectrum Brands Holdings, Inc. has a twelve month low of $57.66 and a twelve month high of $96.74. The firm has a market capitalization of $1.66 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating 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 earned $0.78 EPS. Research analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.98%. Spectrum Brands's dividend payout ratio is currently 46.19%.

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.