AlphaQuest LLC Boosts Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

AlphaQuest LLC lifted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 567.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,302 shares of the company’s stock after acquiring an additional 17,262 shares during the period. AlphaQuest LLC owned 0.07% of Spectrum Brands worth $1,715,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in Spectrum Brands during the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its holdings in shares of Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after buying an additional 261 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Spectrum Brands in the fourth quarter valued at $50,000. Quantbot Technologies LP acquired a new position in Spectrum Brands in the third quarter valued at $62,000. Finally, Quarry LP grew its position in Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after acquiring an additional 404 shares during the period.

Analyst Upgrades and Downgrades

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

Spectrum Brands Trading Up 1.0 %

NYSE SPB opened at $75.18 on Friday. The stock has a market cap of $1.98 billion, a P/E ratio of 18.47, a PEG ratio of 1.70 and a beta of 1.20. The company’s fifty day simple moving average is $81.34 and its 200-day simple moving average is $87.75. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a 52 week low of $73.12 and a 52 week high of $96.74.

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

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands’s payout ratio is currently 46.19%.

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.