Quantinno Capital Management LP Has $4.70 Million Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Quantinno Capital Management LP grew its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 39.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 55,622 shares of the company’s stock after acquiring an additional 15,650 shares during the period. Quantinno Capital Management LP’s holdings in Spectrum Brands were worth $4,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock worth $38,089,000 after purchasing an additional 7,198 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Spectrum Brands in the 4th quarter worth approximately $387,000. SG Americas Securities LLC raised its holdings in shares of Spectrum Brands by 478.4% in the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company’s stock worth $1,141,000 after buying an additional 11,166 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Spectrum Brands during the 4th quarter worth approximately $16,606,000. Finally, Raymond James Financial Inc. acquired a new stake in Spectrum Brands in the 4th quarter valued at $972,000.

Spectrum Brands Trading Up 1.5%

SPB opened at $65.50 on Friday. Spectrum Brands Holdings, Inc. has a 1-year low of $56.50 and a 1-year high of $96.62. The stock has a market capitalization of $1.64 billion, a PE ratio of 16.09, a PEG ratio of 1.70 and a beta of 1.00. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $65.18 and a two-hundred day moving average price of $78.31.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.67). The company had revenue of $675.70 million for the quarter, compared to the consensus estimate of $701.00 million. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. Spectrum Brands’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. As a group, equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.87%. Spectrum Brands’s payout ratio is 89.95%.

Analysts Set New Price Targets

Several brokerages have recently commented on SPB. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada cut their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. UBS Group boosted their target price on Spectrum Brands from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, Monness Crespi & Hardt decreased their price target on Spectrum Brands from $106.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Spectrum Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.17.

Insider Buying and Selling at Spectrum Brands

In other news, CEO David M. Maura sold 5,180 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $63.77, for a total transaction of $330,328.60. Following the transaction, the chief executive officer now owns 718,427 shares of the company’s stock, valued at $45,814,089.79. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.60% of the company’s stock.

Spectrum Brands Company 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.