Renaissance Technologies LLC Raises Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Renaissance Technologies LLC raised its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 84.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,984 shares of the company's stock after purchasing an additional 68,000 shares during the quarter. Renaissance Technologies LLC owned 0.55% of Spectrum Brands worth $12,588,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPB. Anchor Capital Advisors LLC raised its holdings in shares of Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after purchasing an additional 184 shares during the last quarter. Fox Run Management L.L.C. grew its position in Spectrum Brands by 5.3% in the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock worth $308,000 after purchasing an additional 185 shares in the last quarter. Legato Capital Management LLC increased its stake in Spectrum Brands by 2.2% in the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock valued at $786,000 after buying an additional 198 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Spectrum Brands by 1.4% during the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock worth $2,312,000 after buying an additional 375 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after buying an additional 375 shares during the last quarter.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock traded up $0.56 during trading hours on Friday, reaching $59.71. The company had a trading volume of 398,590 shares, compared to its average volume of 405,213. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The firm has a market cap of $1.57 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a one year low of $57.93 and a one year high of $96.74. The business has a fifty day simple moving average of $70.98 and a 200 day simple moving average of $82.40.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm earned $0.78 EPS. On average, analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands's dividend payout ratio is currently 46.19%.

Analysts Set New Price Targets

A number of analysts recently commented on SPB shares. Wells Fargo & Company dropped their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price target for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada dropped their target price 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. Finally, UBS Group decreased their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Spectrum Brands has a consensus rating of "Moderate Buy" and an average target price of $95.43.

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.