American Century Companies Inc. Sells 48,352 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

American Century Companies Inc. decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,227,002 shares of the company's stock after selling 48,352 shares during the quarter. American Century Companies Inc. owned approximately 4.49% of Spectrum Brands worth $103,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPB. Harvey Partners LLC acquired a new stake in Spectrum Brands in the third quarter valued at approximately $19,837,000. Wealthfront Advisers LLC bought a new position in Spectrum Brands in the 4th quarter valued at about $16,606,000. Verition Fund Management LLC increased its holdings in Spectrum Brands by 295.5% during the 3rd quarter. Verition Fund Management LLC now owns 182,761 shares of the company's stock worth $17,388,000 after purchasing an additional 136,556 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Spectrum Brands in the third quarter valued at approximately $7,380,000. Finally, National Bank of Canada FI boosted its position in shares of Spectrum Brands by 10,046.3% during the third quarter. National Bank of Canada FI now owns 44,441 shares of the company's stock valued at $4,228,000 after buying an additional 44,003 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SPB shares. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. UBS Group decreased their price target on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada lowered their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Spectrum Brands has a consensus rating of "Moderate Buy" and a consensus price target of $103.43.

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Spectrum Brands Price Performance

SPB stock traded down $0.52 during mid-day trading on Friday, reaching $71.01. 261,352 shares of the company traded hands, compared to its average volume of 392,737. The company has a fifty day moving average price of $77.70 and a 200-day moving average price of $85.70. Spectrum Brands Holdings, Inc. has a 52-week low of $68.74 and a 52-week high of $96.74. The company has a market capitalization of $1.87 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53.

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

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.65%. Spectrum Brands's payout ratio is 46.19%.

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.