Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP increased its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2,541.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,698 shares of the company’s stock after purchasing an additional 143,068 shares during the period. Trexquant Investment LP owned 0.54% of Spectrum Brands worth $12,563,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Citigroup Inc. boosted its position in shares of Spectrum Brands by 15.9% during the 3rd quarter. Citigroup Inc. now owns 41,048 shares of the company’s stock worth $3,905,000 after acquiring an additional 5,641 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock valued at $38,089,000 after purchasing an additional 7,198 shares in the last quarter. Empowered Funds LLC purchased a new position in Spectrum Brands in the fourth quarter valued at approximately $387,000. Everence Capital Management Inc. acquired a new stake in Spectrum Brands during the fourth quarter worth approximately $553,000. Finally, SG Americas Securities LLC lifted its position in shares of Spectrum Brands by 478.4% during the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company’s stock worth $1,141,000 after buying an additional 11,166 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on SPB. Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. UBS Group decreased their target price on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada cut their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.43.

Spectrum Brands Price Performance

Shares of SPB opened at $70.99 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. Spectrum Brands Holdings, Inc. has a fifty-two week low of $68.74 and a fifty-two week high of $96.74. The firm has a 50-day simple moving average of $76.83 and a 200-day simple moving average of $85.23. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share 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 quarter in the previous year, the business posted $0.78 earnings per share. On average, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.65%. Spectrum Brands’s dividend payout ratio is currently 46.19%.

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.