California Public Employees Retirement System Lowers Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

California Public Employees Retirement System decreased its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,679 shares of the company's stock after selling 5,829 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Spectrum Brands worth $4,197,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPB. Steward Partners Investment Advisory LLC bought a new stake in Spectrum Brands in the fourth quarter valued at about $50,000. Blue Trust Inc. boosted its holdings in shares of Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after buying an additional 375 shares during the period. KBC Group NV increased its holdings in 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 purchasing an additional 390 shares in the last quarter. M&T Bank Corp bought a new position in shares of Spectrum Brands during the third quarter worth about $221,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at approximately $237,000.

Spectrum Brands Stock Performance

Shares of SPB stock traded up $0.44 during trading on Monday, reaching $62.06. 7,268 shares of the company's stock traded hands, compared to its average volume of 447,442. The firm's 50-day moving average is $72.44 and its 200 day moving average is $83.20. The company has a market capitalization of $1.63 billion, a P/E ratio of 15.25, a PEG ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a 1 year low of $57.93 and a 1 year high of $96.74. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

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Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate 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 in the previous year, the company earned $0.78 earnings per share. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada lowered their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on Spectrum Brands from $80.00 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, Canaccord Genuity Group upgraded shares of 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 report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.57.

About Spectrum Brands

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.