UBS Asset Management Americas Inc. Purchases 5,112 Shares of Spectrum Brands Holdings Inc (NYSE:SPB)

UBS Asset Management Americas Inc. boosted its position in Spectrum Brands Holdings Inc (NYSE:SPB) by 9.6% during the second quarter, Holdings Channel.com reports. The fund owned 58,369 shares of the company’s stock after acquiring an additional 5,112 shares during the period. UBS Asset Management Americas Inc.’s holdings in Spectrum Brands were worth $3,138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $123,000. Teza Capital Management LLC bought a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $263,000. Keybank National Association OH bought a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $283,000. Point72 Hong Kong Ltd bought a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $287,000. Finally, Ellington Management Group LLC bought a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $306,000.

NYSE:SPB opened at $46.99 on Wednesday. Spectrum Brands Holdings Inc has a one year low of $40.54 and a one year high of $72.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.54 and a quick ratio of 0.84. The company’s 50-day simple moving average is $53.19 and its 200 day simple moving average is $55.58. The firm has a market capitalization of $2.44 billion, a P/E ratio of 13.27, a PEG ratio of 2.26 and a beta of 1.75.



Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.22 by $0.13. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Spectrum Brands had a net margin of 13.21% and a return on equity of 6.36%. Spectrum Brands’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. On average, equities research analysts expect that Spectrum Brands Holdings Inc will post 2.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, August 22nd were issued a $0.42 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.68 annualized dividend and a yield of 3.58%. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.

In other news, insider David M. Maura purchased 20,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $50.43 per share, for a total transaction of $1,008,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on SPB shares. Wells Fargo & Co reaffirmed a “hold” rating and set a $53.00 target price on shares of Spectrum Brands in a research note on Wednesday, August 7th. ValuEngine raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reissued a “buy” rating and set a $68.00 price objective on shares of Spectrum Brands in a research note on Sunday, August 11th. Finally, Deutsche Bank dropped their price objective on shares of Spectrum Brands from $60.00 to $56.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.39.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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

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