Sei Investments Co. Grows Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Sei Investments Co. boosted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,412 shares of the company's stock after purchasing an additional 4,050 shares during the quarter. Sei Investments Co. owned about 0.77% of Spectrum Brands worth $17,862,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Harvey Partners LLC purchased a new stake in Spectrum Brands during the 3rd quarter valued at approximately $19,837,000. Wealthfront Advisers LLC acquired a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $16,606,000. Verition Fund Management LLC raised its stake in shares of Spectrum Brands by 295.5% during the third 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 during the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Spectrum Brands during the third quarter worth $7,380,000. Finally, National Bank of Canada FI grew its position in Spectrum Brands by 10,046.3% in the 3rd 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.

Wall Street Analyst Weigh In

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

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Spectrum Brands Price Performance

Shares of SPB stock traded down $0.56 during midday trading on Tuesday, reaching $70.99. 352,020 shares of the company traded hands, compared to its average volume of 392,894. The firm's 50 day simple moving average is $76.83 and its two-hundred day simple moving average is $85.23. The firm has a market cap of $1.87 billion, a PE ratio of 17.44, a price-to-earnings-growth 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 Holdings, Inc. has a 1-year low of $68.74 and a 1-year high of $96.74.

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 the consensus estimate 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 quarter in the previous year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

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

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.