Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,412 shares of the company’s stock after acquiring an additional 4,050 shares during the quarter. Sei Investments Co. owned about 0.77% of Spectrum Brands worth $17,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Harvey Partners LLC purchased a new stake in Spectrum Brands in the 3rd quarter valued at $19,837,000. Wealthfront Advisers LLC purchased a new stake in shares of Spectrum Brands in the fourth quarter valued at about $16,606,000. Verition Fund Management LLC boosted its stake in shares of Spectrum Brands by 295.5% during the third quarter. Verition Fund Management LLC now owns 182,761 shares of the company’s stock worth $17,388,000 after buying an additional 136,556 shares during the period. Cinctive Capital Management LP purchased a new position in shares of Spectrum Brands during the third quarter worth about $7,380,000. Finally, National Bank of Canada FI increased its position in Spectrum Brands by 10,046.3% in the 3rd quarter. National Bank of Canada FI now owns 44,441 shares of the company’s stock valued at $4,228,000 after acquiring an additional 44,003 shares during the period.

Spectrum Brands Price Performance

Shares of NYSE SPB opened at $71.52 on Friday. The company’s fifty day moving average is $77.70 and its two-hundred day moving average is $85.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a market capitalization of $1.88 billion, a P/E ratio of 17.57, a PEG ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a one year low of $68.74 and a one year high of $96.74.

Spectrum Brands (NYSE:SPB) last released 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 quarter in the prior year, the company earned $0.78 EPS. Analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s payout ratio is currently 46.19%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPB. UBS Group lowered their target price on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada lowered their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.43.

About Spectrum Brands

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.