6,653 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,653 shares of the company's stock, valued at approximately $562,000.

A number of other hedge funds have also recently made changes to their positions in SPB. Citigroup Inc. raised its stake in shares of Spectrum Brands by 15.9% during the third quarter. Citigroup Inc. now owns 41,048 shares of the company's stock valued at $3,905,000 after acquiring an additional 5,641 shares during the last quarter. Empowered Funds LLC bought a new position in Spectrum Brands during the 4th quarter worth $387,000. Everence Capital Management Inc. acquired a new position in Spectrum Brands during the 4th quarter worth about $553,000. SG Americas Securities LLC grew its position in shares of Spectrum Brands by 478.4% in the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock valued at $1,141,000 after buying an additional 11,166 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after buying an additional 471 shares during the last quarter.

Spectrum Brands Stock Up 0.4 %

NYSE:SPB traded up $0.29 on Friday, hitting $77.42. The stock had a trading volume of 465,422 shares, compared to its average volume of 455,821. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a 52 week low of $74.72 and a 52 week high of $96.74. The business's fifty day moving average is $82.36 and its 200 day moving average is $88.31. The company has a market cap of $2.04 billion, a PE ratio of 19.02, a P/E/G ratio of 1.70 and a beta of 1.20.

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Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results 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 return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands's payout ratio is currently 46.19%.

Analyst Ratings Changes

SPB has been the topic of a number of analyst reports. Royal Bank of Canada reduced 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 note on Friday, February 7th. Wells Fargo & Company decreased their price target on Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. UBS Group dropped their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.43.

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.