Contrarian Capital Management L.L.C. Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Contrarian Capital Management L.L.C. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 195,729 shares of the company's stock, valued at approximately $1,949,000. Newell Brands makes up 0.7% of Contrarian Capital Management L.L.C.'s investment portfolio, making the stock its 20th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Farringdon Capital Ltd. bought a new position in shares of Newell Brands in the 4th quarter valued at about $182,000. Zacks Investment Management raised its position in shares of Newell Brands by 9.5% during the 4th quarter. Zacks Investment Management now owns 25,828 shares of the company's stock valued at $257,000 after acquiring an additional 2,234 shares during the last quarter. EAM Investors LLC bought a new stake in shares of Newell Brands during the 4th quarter valued at $3,907,000. Bridgewater Associates LP lifted its stake in shares of Newell Brands by 374.1% in the 4th quarter. Bridgewater Associates LP now owns 66,405 shares of the company's stock valued at $661,000 after purchasing an additional 52,397 shares during the period. Finally, Synovus Financial Corp bought a new position in shares of Newell Brands in the 4th quarter worth $1,477,000. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Up 1.5 %

Shares of NWL stock traded up $0.07 during trading on Friday, reaching $4.70. The company's stock had a trading volume of 6,670,824 shares, compared to its average volume of 6,692,593. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The business has a fifty day moving average price of $6.11 and a 200-day moving average price of $8.23. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the firm posted $0.22 EPS. Analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is -53.85%.

Analyst Ratings Changes

Several research firms have weighed in on NWL. Citigroup cut their target price on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group lowered their price target on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Barclays increased their target price on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, UBS Group cut their price target on shares of Newell Brands from $8.00 to $5.50 and set a "neutral" rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.14.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.