Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 2,541.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 148,698 shares of the company's stock after purchasing an additional 143,068 shares during the period. Trexquant Investment LP owned approximately 0.54% of Spectrum Brands worth $12,563,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPB. Citigroup Inc. grew its holdings in Spectrum Brands by 15.9% during the third quarter. Citigroup Inc. now owns 41,048 shares of the company's stock worth $3,905,000 after acquiring an additional 5,641 shares during the period. Quantbot Technologies LP purchased a new position in Spectrum Brands in the third quarter valued at $62,000. Glenmede Trust Co. NA acquired a new position in shares of Spectrum Brands in the third quarter worth about $207,000. Centiva Capital LP purchased a new stake in shares of Spectrum Brands during the 3rd quarter worth about $383,000. Finally, Harvey Partners LLC acquired a new stake in shares of Spectrum Brands during the 3rd quarter valued at about $19,837,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPB shares. Wells Fargo & Company reduced their price target on Spectrum Brands from $80.00 to $75.00 and set an "equal weight" rating for the company in a report on Wednesday. UBS Group decreased their price objective 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. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, Royal Bank of Canada reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $101.57.

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Spectrum Brands Price Performance

SPB traded down $5.25 on Thursday, hitting $66.16. 540,619 shares of the company's stock were exchanged, compared to its average volume of 393,186. The firm has a 50-day moving average price of $76.15 and a 200-day moving average price of $85.00. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a fifty-two week low of $66.13 and a fifty-two week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the business posted $0.78 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is currently 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.