NN Investment Partners Holdings N.V. Increases Position in Spectrum Brands Holdings, Inc. (SPB)

NN Investment Partners Holdings N.V. increased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 59.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,157 shares of the company’s stock after buying an additional 22,852 shares during the period. NN Investment Partners Holdings N.V. owned 0.10% of Spectrum Brands Holdings worth $8,502,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SPB. Norges Bank bought a new position in shares of Spectrum Brands Holdings during the fourth quarter valued at about $41,236,000. Bank of New York Mellon Corp increased its position in shares of Spectrum Brands Holdings by 164.2% in the first quarter. Bank of New York Mellon Corp now owns 355,613 shares of the company’s stock valued at $49,434,000 after buying an additional 221,030 shares during the period. Acadian Asset Management LLC increased its stake in Spectrum Brands Holdings by 15.1% in the first quarter. Acadian Asset Management LLC now owns 1,132,417 shares of the company’s stock worth $157,414,000 after buying an additional 148,833 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Spectrum Brands Holdings during the third quarter worth approximately $19,789,000. Finally, AQR Capital Management LLC increased its stake in Spectrum Brands Holdings by 90.9% in the fourth quarter. AQR Capital Management LLC now owns 290,585 shares of the company’s stock worth $35,547,000 after buying an additional 138,361 shares during the last quarter. 48.01% of the stock is currently owned by institutional investors.

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

Spectrum Brands Holdings, Inc. (SPB) traded down 0.02% on Friday, hitting $132.54. 326,673 shares of the stock traded hands. The stock has a 50-day moving average price of $132.40 and a 200 day moving average price of $131.78. Spectrum Brands Holdings, Inc. has a 12-month low of $111.40 and a 12-month high of $146.09. The stock has a market cap of $7.80 billion, a P/E ratio of 25.04 and a beta of 0.61.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by $0.07. Spectrum Brands Holdings had a return on equity of 17.78% and a net margin of 6.31%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $1.16 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. On average, equities analysts expect that Spectrum Brands Holdings, Inc. will post $5.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, May 12th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is currently 31.70%.

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A number of brokerages recently weighed in on SPB. Zacks Investment Research cut shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. BMO Capital Markets set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and issued a $167.00 target price (up previously from $160.00) on shares of Spectrum Brands Holdings in a research note on Tuesday, April 18th. Royal Bank Of Canada started coverage on shares of Spectrum Brands Holdings in a research note on Tuesday, March 14th. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, Deutsche Bank AG dropped their price objective on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $151.63.

About Spectrum Brands Holdings

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.

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