Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 165.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,403 shares of the company's stock after acquiring an additional 58,852 shares during the quarter. Deutsche Bank AG owned 0.35% of Spectrum Brands worth $7,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brevan Howard Capital Management LP boosted its holdings in Spectrum Brands by 290.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 14,942 shares of the company's stock valued at $1,262,000 after purchasing an additional 11,115 shares during the last quarter. Bridgefront Capital LLC acquired a new position in shares of Spectrum Brands in the 4th quarter valued at about $456,000. Bayesian Capital Management LP acquired a new position in shares of Spectrum Brands in the 4th quarter valued at about $414,000. Aristeia Capital L.L.C. purchased a new stake in shares of Spectrum Brands in the fourth quarter worth about $1,588,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Spectrum Brands during the fourth quarter worth about $1,943,000.

Spectrum Brands Trading Down 1.9%

Spectrum Brands stock traded down $1.15 during trading on Thursday, reaching $58.98. 66,498 shares of the company were exchanged, compared to its average volume of 411,540. The stock's 50 day simple moving average is $64.65 and its two-hundred day simple moving average is $77.82. The company has a market capitalization of $1.47 billion, a P/E ratio of 14.49, a PEG ratio of 1.70 and a beta of 1.00. 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 52-week low of $56.50 and a 52-week high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data 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). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The firm had revenue of $675.70 million during the quarter, compared to analysts' expectations of $701.00 million. During the same period in the prior year, the company posted $1.62 EPS. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.19%. Spectrum Brands's dividend payout ratio is currently 89.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on SPB shares. Royal Bank of Canada decreased their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Monness Crespi & Hardt decreased 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 lowered their price target on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $94.00 to $102.00 in a report on Friday, February 7th. Finally, UBS Group increased their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.17.

Insider Activity at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of Spectrum Brands stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 718,427 shares in the company, valued at approximately $45,814,089.79. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.60% of the stock is owned by 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.