O Shaughnessy Asset Management LLC Has $185,000 Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

O Shaughnessy Asset Management LLC lifted its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 6.1% in the second quarter, HoldingsChannel reports. The firm owned 2,171 shares of the company’s stock after purchasing an additional 125 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Spectrum Brands were worth $185,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SPB. Eaton Vance Management acquired a new position in shares of Spectrum Brands in the 1st quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new stake in Spectrum Brands during the 2nd quarter worth about $33,000. Captrust Financial Advisors boosted its position in Spectrum Brands by 344.7% during the 1st quarter. Captrust Financial Advisors now owns 756 shares of the company’s stock worth $64,000 after acquiring an additional 586 shares during the period. Lazard Asset Management LLC boosted its position in Spectrum Brands by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 809 shares of the company’s stock worth $68,000 after acquiring an additional 162 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Spectrum Brands during the 1st quarter worth about $200,000. Institutional investors and hedge funds own 92.20% of the company’s stock.

SPB opened at $91.97 on Tuesday. The stock has a market cap of $3.92 billion, a PE ratio of 21.39 and a beta of 1.88. The company has a current ratio of 1.80, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. Spectrum Brands Holdings, Inc. has a 1 year low of $54.52 and a 1 year high of $97.82. The stock’s 50 day simple moving average is $83.68 and its 200-day simple moving average is $85.73.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Friday, August 6th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Spectrum Brands had a net margin of 3.99% and a return on equity of 21.08%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 28th. Stockholders of record on Tuesday, August 31st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, August 30th. Spectrum Brands’s dividend payout ratio is presently 40.98%.

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Spectrum Brands from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, September 9th. Royal Bank of Canada decreased their price objective on Spectrum Brands from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, August 9th. Zacks Investment Research lowered Spectrum Brands from a “strong-buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Tuesday, July 20th. Finally, UBS Group began coverage on Spectrum Brands in a report on Wednesday, June 23rd. They set a “buy” rating and a $102.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $99.63.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a consumer products and home essentials company. It engages in the manufacture and supply of residential locksets, residential builders hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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