Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 211,412 shares of the company’s stock after purchasing an additional 4,050 shares during the quarter. Sei Investments Co.’s holdings in Spectrum Brands were worth $17,862,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SPB. Semanteon Capital Management LP purchased a new stake in Spectrum Brands in the 4th quarter valued at approximately $506,000. Magnetar Financial LLC acquired a new position in shares of Spectrum Brands in the fourth quarter worth $985,000. Teacher Retirement System of Texas lifted its position in shares of Spectrum Brands by 17.7% in the fourth quarter. Teacher Retirement System of Texas now owns 20,756 shares of the company’s stock valued at $1,754,000 after acquiring an additional 3,118 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its stake in shares of Spectrum Brands by 32.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 3,826 shares of the company’s stock valued at $323,000 after acquiring an additional 933 shares during the last quarter. Finally, Monimus Capital Management LP acquired a new position in Spectrum Brands in the 4th quarter valued at about $3,173,000.

Spectrum Brands Stock Up 1.9 %

Shares of NYSE SPB opened at $71.52 on Friday. The stock has a market capitalization of $1.88 billion, a PE ratio of 17.57, a P/E/G ratio of 1.70 and a beta of 1.20. 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 firm has a fifty day moving average of $77.70 and a 200-day moving average of $85.70. Spectrum Brands Holdings, Inc. has a 52-week low of $68.74 and a 52-week high of $96.74.

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 return on equity of 6.44% and a net margin of 4.01%. During the same quarter last year, the firm earned $0.78 earnings per share. On average, analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm 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. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. Spectrum Brands’s dividend payout ratio (DPR) is 46.19%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada reduced their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, UBS Group lowered their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.43.

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.