Versor Investments LP Acquires New Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Versor Investments LP bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,295 shares of the company’s stock, valued at approximately $1,140,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in Spectrum Brands by 72.6% during the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock worth $29,000 after acquiring an additional 151 shares during the last quarter. International Assets Investment Management LLC raised its position in Spectrum Brands by 1,713.6% during the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Spectrum Brands by 53.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock worth $36,000 after buying an additional 160 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at about $71,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Spectrum Brands during the fourth quarter worth about $79,000.

Spectrum Brands Stock Performance

Shares of SPB opened at $94.80 on Friday. The stock has a 50-day moving average of $83.89 and a 200-day moving average of $79.73. The company has a market cap of $2.87 billion, a PE ratio of 1.92, a P/E/G ratio of 0.66 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.36 and a quick ratio of 2.75. Spectrum Brands Holdings, Inc. has a one year low of $65.27 and a one year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, May 9th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $1.13. Spectrum Brands had a return on equity of 6.30% and a net margin of 68.11%. The company had revenue of $718.50 million for the quarter, compared to analyst estimates of $708.54 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. Spectrum Brands’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts predict that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, May 24th. Spectrum Brands’s dividend payout ratio is currently 3.40%.

Analyst Ratings Changes

Several analysts recently commented on SPB shares. Wells Fargo & Company upped their target price on Spectrum Brands from $85.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday. Royal Bank of Canada increased their price objective on shares of Spectrum Brands from $100.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spectrum Brands from $85.00 to $91.00 and gave the company a “hold” rating in a report on Friday. Canaccord Genuity Group downgraded Spectrum Brands from a “buy” rating to a “hold” rating and increased their price target for the stock from $83.00 to $86.00 in a report on Friday, February 9th. Finally, Oppenheimer boosted their price objective on Spectrum Brands from $88.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $99.86.

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.