Cerity Partners LLC Has $488,000 Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Cerity Partners LLC lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 100.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,645 shares of the company’s stock after acquiring an additional 2,834 shares during the quarter. Cerity Partners LLC’s holdings in Spectrum Brands were worth $488,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPB. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at $50,000. Blue Trust Inc. lifted its position in shares of Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 shares in the last quarter. KBC Group NV grew its stake in shares of Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company’s stock valued at $104,000 after purchasing an additional 390 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at approximately $237,000. Finally, City Center Advisors LLC bought a new position in Spectrum Brands in the 4th quarter worth approximately $306,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada dropped their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. UBS Group cut their price objective on shares of Spectrum Brands from $106.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, 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 research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Spectrum Brands has a consensus rating of “Moderate Buy” and an average target price of $95.43.

Spectrum Brands Stock Down 1.5 %

NYSE:SPB opened at $58.89 on Tuesday. Spectrum Brands Holdings, Inc. has a 1 year low of $57.66 and a 1 year high of $96.74. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.70 and a beta of 1.03. The stock has a 50-day moving average price of $70.28 and a two-hundred day moving average price of $81.80.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating 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 firm earned $0.78 earnings per share. As a group, equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued 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 dividend yield of 3.19%. Spectrum Brands’s payout ratio is presently 46.19%.

Spectrum Brands 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.