Rovida Advisors Inc. Has $3.15 Million Holdings in Spectrum Brands Holdings Inc. $SPB

Rovida Advisors Inc. raised its holdings in Spectrum Brands Holdings Inc. (NYSE:SPB) by 1,140.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the company’s stock after acquiring an additional 55,163 shares during the period. Spectrum Brands comprises 2.7% of Rovida Advisors Inc.’s holdings, making the stock its 12th biggest holding. Rovida Advisors Inc.’s holdings in Spectrum Brands were worth $3,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPB. Pzena Investment Management LLC lifted its stake in Spectrum Brands by 66.8% in the 3rd quarter. Pzena Investment Management LLC now owns 2,459,485 shares of the company’s stock valued at $129,197,000 after purchasing an additional 985,034 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Spectrum Brands by 14.5% during the third quarter. American Century Companies Inc. now owns 2,052,850 shares of the company’s stock worth $107,836,000 after buying an additional 260,085 shares in the last quarter. Callodine Capital Management LP lifted its stake in shares of Spectrum Brands by 85.5% in the 2nd quarter. Callodine Capital Management LP now owns 1,354,057 shares of the company’s stock valued at $71,765,000 after acquiring an additional 624,057 shares during the last quarter. Geode Capital Management LLC grew its position in Spectrum Brands by 39.6% during the 2nd quarter. Geode Capital Management LLC now owns 606,272 shares of the company’s stock worth $32,137,000 after acquiring an additional 172,132 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Spectrum Brands by 71.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 539,728 shares of the company’s stock worth $28,606,000 after acquiring an additional 224,481 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPB shares. Royal Bank Of Canada set a $85.00 price target on Spectrum Brands in a research note on Friday, February 6th. Wells Fargo & Company raised their price objective on shares of Spectrum Brands from $62.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Canaccord Genuity Group boosted their target price on shares of Spectrum Brands from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Oppenheimer raised their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 18th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Spectrum Brands Price Performance

Shares of NYSE SPB opened at $76.04 on Friday. The company has a market capitalization of $1.76 billion, a PE ratio of 17.56, a P/E/G ratio of 2.60 and a beta of 0.64. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. Spectrum Brands Holdings Inc. has a twelve month low of $49.99 and a twelve month high of $80.42. The firm has a fifty day simple moving average of $68.90 and a 200 day simple moving average of $60.22.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.63. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. The business had revenue of $677.00 million for the quarter, compared to analysts’ expectations of $667.59 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.88 annualized dividend and a yield of 2.5%. Spectrum Brands’s dividend payout ratio (DPR) is currently 43.42%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.