Spectrum Brands Holdings, Inc. (SPB) Stake Increased by Systematic Financial Management LP

Systematic Financial Management LP lifted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 23.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,073 shares of the company’s stock after buying an additional 34,087 shares during the quarter. Systematic Financial Management LP owned about 0.31% of Spectrum Brands Holdings worth $18,861,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Alps Advisors Inc. lifted its position in shares of Spectrum Brands Holdings by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock worth $431,000 after buying an additional 9 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in shares of Spectrum Brands Holdings by 1.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after buying an additional 35 shares during the last quarter. Commerce Bank lifted its position in shares of Spectrum Brands Holdings by 4.5% during the 2nd quarter. Commerce Bank now owns 2,300 shares of the company’s stock worth $288,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC lifted its position in shares of Spectrum Brands Holdings by 4.2% during the 2nd quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock worth $361,000 after buying an additional 116 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Spectrum Brands Holdings by 3.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,226 shares of the company’s stock valued at $664,000 after acquiring an additional 157 shares during the period. Institutional investors and hedge funds own 47.13% of the company’s stock.

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Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) traded up $1.25 on Wednesday, reaching $113.75. 659,500 shares of the company’s stock traded hands, compared to its average volume of 432,799. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. The firm has a market cap of $6,482.93, a PE ratio of 20.60, a P/E/G ratio of 1.80 and a beta of 0.75. Spectrum Brands Holdings, Inc. has a 12 month low of $98.11 and a 12 month high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands Holdings had a net margin of 5.91% and a return on equity of 17.48%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 earnings per share. sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 6.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.68 annualized dividend and a yield of 1.48%. Spectrum Brands Holdings’s dividend payout ratio is currently 33.33%.

A number of equities analysts have recently commented on SPB shares. Zacks Investment Research cut shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a report on Wednesday, August 30th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $143.00 target price on shares of Spectrum Brands Holdings in a report on Thursday, October 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $131.00 target price (down from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $137.25.

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

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