UBS Asset Management Americas Inc. raised its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,008 shares of the company’s stock after acquiring an additional 7,944 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.20% of Spectrum Brands Holdings worth $14,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Spectrum Brands Holdings by 5,054.7% during the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after purchasing an additional 1,185,319 shares during the period. Schroder Investment Management Group lifted its position in shares of Spectrum Brands Holdings by 29.7% during the second quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after purchasing an additional 186,285 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Spectrum Brands Holdings by 3,962.2% during the first quarter. Renaissance Technologies LLC now owns 182,800 shares of the company’s stock worth $25,411,000 after purchasing an additional 178,300 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Spectrum Brands Holdings by 18.2% during the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after purchasing an additional 161,567 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Spectrum Brands Holdings by 20.9% during the first quarter. State Street Corp now owns 555,659 shares of the company’s stock worth $77,255,000 after purchasing an additional 95,941 shares in the last quarter. 47.05% of the stock is owned by institutional investors.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Jefferies Group LLC set a $143.00 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $145.71.

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Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 104.33 on Wednesday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 21.36 and a beta of 0.65. The stock’s 50 day moving average price is $106.26 and its 200-day moving average price is $124.19. Spectrum Brands Holdings, Inc. has a 12 month low of $102.27 and a 12 month high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.21). Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts forecast that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio is presently 34.29%.

Spectrum Brands Holdings Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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

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