Assenagon Asset Management S.A. Sells 10,904 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Assenagon Asset Management S.A. trimmed its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 57.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,914 shares of the company's stock after selling 10,904 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Spectrum Brands were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Waldron Private Wealth LLC purchased a new stake in Spectrum Brands in the third quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in Spectrum Brands in the third quarter worth approximately $31,000. International Assets Investment Management LLC boosted its stake in shares of Spectrum Brands by 9,420.0% during the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock worth $45,000 after acquiring an additional 471 shares during the last quarter. Quarry LP grew its position in shares of Spectrum Brands by 375.0% during the 2nd quarter. Quarry LP now owns 570 shares of the company's stock valued at $49,000 after acquiring an additional 450 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Spectrum Brands by 92.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock worth $52,000 after purchasing an additional 261 shares in the last quarter.

Spectrum Brands Price Performance

NYSE SPB traded down $1.75 during trading hours on Friday, reaching $84.13. The company's stock had a trading volume of 464,232 shares, compared to its average volume of 286,407. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The firm's 50-day moving average price is $87.88 and its 200-day moving average price is $89.09. Spectrum Brands Holdings, Inc. has a 1 year low of $77.73 and a 1 year high of $96.74. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.49 and a beta of 1.20.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company had revenue of $773.70 million during the quarter, compared to analysts' expectations of $747.80 million. During the same quarter in the previous year, the firm earned $1.36 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.23%. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

SPB has been the subject of several recent research reports. Canaccord Genuity Group boosted their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a report on Monday, November 18th. UBS Group cut their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased 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 note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.75.

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.