Versor Investments LP Buys New Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Versor Investments LP purchased a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,914 shares of the company’s stock, valued at approximately $331,000.

Several other hedge funds have also recently added to or reduced their stakes in SPB. Brooklyn Investment Group purchased a new position in Spectrum Brands in the 3rd quarter worth $31,000. International Assets Investment Management LLC grew its stake in shares of Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after buying an additional 471 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after buying an additional 261 shares during the period. Quantbot Technologies LP bought a new stake in shares of Spectrum Brands in the 3rd quarter valued at about $62,000. Finally, Quarry LP boosted its holdings in Spectrum Brands by 70.9% during the 3rd quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after acquiring an additional 404 shares during the period.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock opened at $75.08 on Tuesday. The company has a market cap of $1.98 billion, a PE ratio of 18.45, a P/E/G ratio of 1.70 and a beta of 1.20. The business has a 50 day moving average of $82.17 and a 200 day moving average of $88.19. Spectrum Brands Holdings, Inc. has a 52 week low of $74.72 and a 52 week high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data 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 net margin of 4.01% and a return on equity of 6.44%. During the same period last year, the firm posted $0.78 earnings per share. As a group, equities research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.50%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Analyst Upgrades and Downgrades

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

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.