CANADA LIFE ASSURANCE Co Sells 1,016 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

CANADA LIFE ASSURANCE Co lowered its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,366 shares of the company’s stock after selling 1,016 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Spectrum Brands were worth $1,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SPB. Marshall Wace LLP lifted its stake in shares of Spectrum Brands by 6.5% in the 4th quarter. Marshall Wace LLP now owns 20,071 shares of the company’s stock worth $1,696,000 after purchasing an additional 1,220 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Spectrum Brands in the 4th quarter worth approximately $718,000. Gamco Investors INC. ET AL lifted its stake in shares of Spectrum Brands by 7.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 223,423 shares of the company’s stock worth $18,877,000 after purchasing an additional 15,703 shares during the period. Keeley Teton Advisors LLC lifted its stake in shares of Spectrum Brands by 2.2% in the 4th quarter. Keeley Teton Advisors LLC now owns 110,971 shares of the company’s stock worth $9,376,000 after purchasing an additional 2,396 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Spectrum Brands by 487.6% in the 4th quarter. XTX Topco Ltd now owns 18,710 shares of the company’s stock worth $1,581,000 after purchasing an additional 15,526 shares during the period.

Spectrum Brands Stock Up 0.3 %

Shares of SPB stock opened at $62.88 on Tuesday. The stock has a market cap of $1.65 billion, a P/E ratio of 15.45, a PEG ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a 52 week low of $57.66 and a 52 week high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $68.64 and its two-hundred day simple moving average is $80.82.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $0.78 EPS. Analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 2.99%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is 46.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. UBS Group dropped their target price on shares of Spectrum Brands from $106.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada dropped their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.43.

About Spectrum Brands

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.