Trexquant Investment LP Raises Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Trexquant Investment LP grew its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2,541.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 148,698 shares of the company’s stock after buying an additional 143,068 shares during the quarter. Trexquant Investment LP’s holdings in Spectrum Brands were worth $12,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SPB. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands in the fourth quarter valued at $50,000. Quantbot Technologies LP purchased a new position in shares of Spectrum Brands in the 3rd quarter valued at about $62,000. Quarry LP lifted its stake in shares of Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after purchasing an additional 404 shares during the period. Blue Trust Inc. boosted its holdings in 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 buying an additional 375 shares in the last quarter. Finally, KBC Group NV grew its position in Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after buying an additional 390 shares during the period.

Spectrum Brands Price Performance

Shares of NYSE:SPB opened at $70.99 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The business’s fifty day moving average price is $76.83 and its two-hundred day moving average price is $85.23. The stock has a market cap of $1.87 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a one year low of $68.74 and a one year high of $96.74.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter last year, the company earned $0.78 EPS. On average, analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 2.65%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Wall Street Analyst Weigh In

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

About Spectrum Brands

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.