Los Angeles Capital Management LLC Has $314,000 Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Los Angeles Capital Management LLC decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 55.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,297 shares of the company’s stock after selling 4,040 shares during the period. Los Angeles Capital Management LLC’s holdings in Spectrum Brands were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waldron Private Wealth LLC acquired a new stake in Spectrum Brands in the 3rd quarter worth about $27,000. Versant Capital Management Inc raised its stake in Spectrum Brands by 1,923.8% in the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock worth $37,000 after purchasing an additional 404 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Spectrum Brands in the 1st quarter worth about $42,000. International Assets Investment Management LLC raised its stake in Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after purchasing an additional 471 shares in the last quarter. Finally, Quarry LP raised its stake in Spectrum Brands by 375.0% in the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter.

Spectrum Brands Trading Down 6.0 %

Shares of Spectrum Brands stock opened at $88.22 on Monday. The firm has a market capitalization of $2.47 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.25 and a beta of 1.23. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $91.49 and its 200 day moving average is $89.48. Spectrum Brands Holdings, Inc. has a 1 year low of $65.27 and a 1 year high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its quarterly 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). The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. Equities research analysts forecast that Spectrum Brands Holdings, Inc. will post 6.12 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. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. Spectrum Brands’s payout ratio is presently 41.18%.

Analysts Set New Price Targets

Several equities analysts have commented on SPB shares. UBS Group raised their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company raised their target price on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Spectrum Brands presently has an average rating of “Hold” and an average target price of $101.88.

Spectrum Brands Company 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.