BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp held its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,314 shares of the company’s stock at the end of the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Spectrum Brands Holdings were worth $1,165,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of Spectrum Brands Holdings by 91.0% in the fourth quarter. Teachers Advisors LLC now owns 53,290 shares of the company’s stock valued at $6,519,000 after buying an additional 25,392 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Spectrum Brands Holdings by 52.8% in the first quarter. Nisa Investment Advisors LLC now owns 20,033 shares of the company’s stock valued at $2,785,000 after buying an additional 6,920 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Spectrum Brands Holdings by 22.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,556 shares of the company’s stock valued at $1,467,000 after buying an additional 1,932 shares during the period. Shell Asset Management Co. increased its stake in shares of Spectrum Brands Holdings by 6.7% in the first quarter. Shell Asset Management Co. now owns 12,314 shares of the company’s stock valued at $1,712,000 after buying an additional 777 shares during the period. Finally, Strs Ohio increased its stake in shares of Spectrum Brands Holdings by 18.7% in the first quarter. Strs Ohio now owns 95,365 shares of the company’s stock valued at $13,256,000 after buying an additional 15,000 shares during the period. Institutional investors own 48.37% of the company’s stock.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 108.88 on Friday. The firm has a market capitalization of $6.32 billion, a PE ratio of 22.29 and a beta of 0.66. The firm’s 50-day moving average price is $115.77 and its 200-day moving average price is $130.06. Spectrum Brands Holdings, Inc. has a 52-week low of $105.30 and a 52-week high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $1.73 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts predict that Spectrum Brands Holdings, Inc. will post $5.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

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SPB has been the topic of several recent research reports. Jefferies Group LLC restated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands Holdings in a report on Tuesday, May 2nd. BMO Capital Markets set a $155.00 price objective on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Tuesday, May 2nd. Deutsche Bank AG dropped their price objective on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $160.00 price objective on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Finally, BidaskClub downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $143.88.

Spectrum Brands Holdings Company Profile

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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