Canada Pension Plan Investment Board decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the company's stock after selling 4,600 shares during the period. Canada Pension Plan Investment Board's holdings in Spectrum Brands were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Spectrum Brands during the 4th quarter worth about $50,000. Blue Trust Inc. raised its position in shares of Spectrum Brands by 46.5% during the 4th 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 raised its position in shares of Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after acquiring an additional 390 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter worth about $237,000. Finally, City Center Advisors LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter worth about $306,000.
Spectrum Brands Trading Down 1.1 %
NYSE SPB traded down $0.71 during mid-day trading on Wednesday, hitting $61.96. The company's stock had a trading volume of 60,553 shares, compared to its average volume of 410,315. Spectrum Brands Holdings, Inc. has a 52-week low of $57.66 and a 52-week high of $96.74. The stock's fifty day simple moving average is $68.31 and its two-hundred day simple moving average is $80.69. 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 capitalization of $1.63 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.
Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter last year, the company earned $0.78 EPS. Research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.
Spectrum Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 3.03%. Spectrum Brands's dividend payout ratio is currently 46.19%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on 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. UBS Group cut their price target on 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, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price target for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.43.
Get Our Latest Stock Analysis on Spectrum Brands
About Spectrum Brands
(
Free Report)
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.
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