XTX Topco Ltd Buys 15,526 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

XTX Topco Ltd increased its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 487.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,710 shares of the company's stock after acquiring an additional 15,526 shares during the quarter. XTX Topco Ltd owned about 0.07% of Spectrum Brands worth $1,581,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPB. Charles Schwab Investment Management Inc. boosted its position in shares of Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after purchasing an additional 7,198 shares in the last quarter. Empowered Funds LLC acquired a new stake in Spectrum Brands during the 4th quarter worth $387,000. Everence Capital Management Inc. bought a new position in Spectrum Brands during the fourth quarter worth about $553,000. SG Americas Securities LLC lifted its holdings in Spectrum Brands by 478.4% during the fourth quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock worth $1,141,000 after acquiring an additional 11,166 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Spectrum Brands in the fourth quarter valued at about $16,606,000.

Analyst Upgrades and Downgrades

SPB has been the topic of several recent analyst reports. UBS Group cut their price objective on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price target for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada lowered their price objective 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. Finally, Wells Fargo & Company dropped their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.43.

Spectrum Brands Stock Up 0.9 %

Shares of SPB stock traded up $0.56 during trading on Friday, reaching $59.71. The company's stock had a trading volume of 398,590 shares, compared to its average volume of 405,961. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a one year low of $57.93 and a one year high of $96.74. The business has a fifty day moving average price of $70.64 and a 200-day moving average price of $82.03. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

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

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) 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.