649 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 649 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors have also recently made changes to their positions in SPB. Bank of Montreal Can grew its position in shares of Spectrum Brands by 34.6% in the 3rd quarter. Bank of Montreal Can now owns 158,518 shares of the company’s stock valued at $14,867,000 after acquiring an additional 40,723 shares during the period. Algert Global LLC increased its position in Spectrum Brands by 34.2% during the third quarter. Algert Global LLC now owns 151,050 shares of the company’s stock worth $14,371,000 after buying an additional 38,514 shares during the last quarter. Citigroup Inc. raised its stake in Spectrum Brands by 15.9% in the third quarter. Citigroup Inc. now owns 41,048 shares of the company’s stock valued at $3,905,000 after buying an additional 5,641 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Spectrum Brands in the third quarter valued at approximately $1,001,000. Finally, Pzena Investment Management LLC boosted its stake in shares of Spectrum Brands by 10.4% during the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company’s stock worth $124,715,000 after acquiring an additional 123,733 shares during the period.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.38.

Spectrum Brands Stock Performance

SPB opened at $94.88 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The business has a fifty day simple moving average of $91.54 and a 200 day simple moving average of $89.68. Spectrum Brands Holdings, Inc. has a 1 year low of $71.52 and a 1 year high of $96.74. The company has a market capitalization of $2.66 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. During the same period in the previous year, the firm posted $1.36 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. Research analysts expect that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.08%.

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.