Allianz Asset Management GmbH Acquires 37,507 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Allianz Asset Management GmbH raised its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Rating) by 13.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,937 shares of the company’s stock after acquiring an additional 37,507 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.79% of Spectrum Brands worth $32,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Spectrum Brands in the 3rd quarter valued at about $26,000. Rockefeller Capital Management L.P. raised its holdings in shares of Spectrum Brands by 182.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $48,000 after purchasing an additional 327 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Spectrum Brands by 65.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 510 shares of the company’s stock valued at $49,000 after purchasing an additional 201 shares during the period. Pinebridge Investments L.P. bought a new stake in shares of Spectrum Brands in the 4th quarter valued at about $51,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Spectrum Brands in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 95.77% of the company’s stock.

Spectrum Brands stock opened at $85.35 on Friday. Spectrum Brands Holdings, Inc. has a one year low of $75.66 and a one year high of $107.22. The business has a fifty day moving average price of $88.17 and a 200-day moving average price of $93.23. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.64 and a quick ratio of 2.03. The firm has a market capitalization of $3.48 billion, a P/E ratio of 34.55 and a beta of 1.49.

Spectrum Brands (NYSE:SPB – Get Rating) last posted its quarterly earnings results on Friday, May 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.20). Spectrum Brands had a return on equity of 6.89% and a net margin of 3.01%. The company had revenue of $807.30 million during the quarter, compared to the consensus estimate of $792.32 million. During the same period in the previous year, the business earned $1.76 earnings per share. Spectrum Brands’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts expect that Spectrum Brands Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Thursday, May 19th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, May 18th. Spectrum Brands’s dividend payout ratio (DPR) is 68.02%.

A number of brokerages have recently issued reports on SPB. TheStreet cut shares of Spectrum Brands from a “b-” rating to a “c” rating in a report on Friday, May 6th. UBS Group increased their price target on Spectrum Brands from $118.00 to $119.00 and gave the company a “buy” rating in a research report on Monday, April 4th. National Bank Financial raised Spectrum Brands to an “outperform” rating in a research report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Spectrum Brands from $116.00 to $114.00 in a research report on Monday, May 2nd. Finally, StockNews.com started coverage on Spectrum Brands in a research report on Thursday, March 31st. They set a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $117.29.

About Spectrum Brands (Get Rating)

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. 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, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands.

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