Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 9.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,339 shares of the company's stock after selling 10,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Spectrum Brands worth $9,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its stake in shares of Spectrum Brands by 24.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company's stock valued at $104,000 after purchasing an additional 240 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock valued at $52,000 after acquiring an additional 261 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Spectrum Brands in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in Spectrum Brands in the third quarter valued at approximately $31,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in Spectrum Brands by 1.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company's stock valued at $2,043,000 after acquiring an additional 345 shares in the last quarter.

Spectrum Brands Stock Performance

Shares of NYSE SPB traded up $0.99 during midday trading on Monday, reaching $95.87. The company had a trading volume of 344,029 shares, compared to its average volume of 385,189. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. The business's 50-day simple moving average is $91.55 and its 200 day simple moving average is $89.68. Spectrum Brands Holdings, Inc. has a 1 year low of $74.26 and a 1 year high of $96.74. The stock has a market cap of $2.69 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.65 and a beta of 1.19.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The business had revenue of $773.70 million for the quarter, compared to analysts' expectations of $747.80 million. During the same period last year, the business earned $1.36 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts forecast that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. Spectrum Brands's dividend payout ratio (DPR) is 46.08%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Hold" and a consensus price target of $102.38.

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.