Versor Investments LP Buys 56,800 Shares of Newell Brands Inc. (NASDAQ:NWL)

Versor Investments LP lifted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 135.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,700 shares of the company's stock after acquiring an additional 56,800 shares during the period. Versor Investments LP's holdings in Newell Brands were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NWL. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Newell Brands in the first quarter worth $301,000. Janney Montgomery Scott LLC boosted its holdings in shares of Newell Brands by 15.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company's stock worth $620,000 after buying an additional 10,240 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of Newell Brands by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 332,914 shares of the company's stock worth $2,673,000 after buying an additional 4,291 shares during the period. Quantbot Technologies LP grew its position in shares of Newell Brands by 20.9% during the 1st quarter. Quantbot Technologies LP now owns 81,857 shares of the company's stock worth $657,000 after buying an additional 14,128 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Newell Brands during the 1st quarter worth approximately $80,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Insider Transactions at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares of the company's stock, valued at approximately $2,063,075.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.58% of the company's stock.

Newell Brands Stock Down 1.6 %

NWL traded down $0.15 during mid-day trading on Wednesday, reaching $9.03. 832,314 shares of the stock were exchanged, compared to its average volume of 5,512,251. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The stock has a market capitalization of $3.76 billion, a PE ratio of -14.97, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89. The company has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $7.48. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, research analysts anticipate that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, November 29th. Newell Brands's payout ratio is -46.67%.

Analysts Set New Price Targets

Several analysts have recently commented on NWL shares. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Citigroup downgraded shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Royal Bank of Canada raised their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Wells Fargo & Company raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Newell Brands has an average rating of "Hold" and a consensus target price of $8.90.

About Newell Brands

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.