Trexquant Investment LP grew its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 84.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,463,392 shares of the company's stock after purchasing an additional 671,884 shares during the period. Trexquant Investment LP owned approximately 0.35% of Newell Brands worth $14,575,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in NWL. PFG Investments LLC grew its stake in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after buying an additional 981 shares in the last quarter. TriaGen Wealth Management LLC lifted its holdings in shares of Newell Brands by 1.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after acquiring an additional 991 shares during the last quarter. Arizona State Retirement System grew its position in Newell Brands by 0.9% in the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock worth $1,202,000 after acquiring an additional 1,125 shares in the last quarter. Optas LLC increased its stake in Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after acquiring an additional 1,306 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its position in Newell Brands by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock valued at $116,000 after purchasing an additional 1,531 shares in the last quarter. Institutional investors own 92.50% of the company's stock.
Newell Brands Trading Down 6.4 %
NWL traded down $0.35 during trading on Friday, hitting $5.12. 13,389,245 shares of the stock traded hands, compared to its average volume of 6,394,484. The firm has a market capitalization of $2.14 billion, a P/E ratio of -9.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The firm has a 50-day moving average of $7.21 and a 200 day moving average of $8.45. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands Inc. has a 12-month low of $4.83 and a 12-month high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the previous year, the company posted $0.22 earnings per share. Equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 5.47%. Newell Brands's dividend payout ratio is -53.85%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on NWL. Wells Fargo & Company decreased their price objective on Newell Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday. Royal Bank of Canada decreased their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday, February 10th. UBS Group increased their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. Finally, Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.58.
View Our Latest Stock Report on Newell Brands
About Newell Brands
(
Free Report)
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.
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