OMERS ADMINISTRATION Corp acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,000 shares of the company’s stock, valued at approximately $2,126,000.

A number of other institutional investors have also recently made changes to their positions in SPB. BlackRock Inc. raised its position in shares of Spectrum Brands Holdings by 5,054.7% in the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock valued at $168,030,000 after buying an additional 1,185,319 shares during the period. JPMorgan Chase & Co. raised its position in shares of Spectrum Brands Holdings by 21.0% in the first quarter. JPMorgan Chase & Co. now owns 1,614,442 shares of the company’s stock valued at $224,423,000 after buying an additional 280,396 shares during the period. Bank of New York Mellon Corp raised its position in shares of Spectrum Brands Holdings by 164.2% in the first quarter. Bank of New York Mellon Corp now owns 355,613 shares of the company’s stock valued at $49,434,000 after buying an additional 221,030 shares during the period. Renaissance Technologies LLC raised its position in shares of Spectrum Brands Holdings by 3,962.2% in the first quarter. Renaissance Technologies LLC now owns 182,800 shares of the company’s stock valued at $25,411,000 after buying an additional 178,300 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Spectrum Brands Holdings by 18.2% in the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock valued at $131,105,000 after buying an additional 161,567 shares during the period. 47.00% of the stock is owned by institutional investors and hedge funds.

Shares of Spectrum Brands Holdings, Inc. (SPB) opened at 107.47 on Thursday. The firm’s 50 day moving average price is $115.77 and its 200 day moving average price is $130.06. The stock has a market cap of $6.24 billion, a P/E ratio of 22.00 and a beta of 0.66. Spectrum Brands Holdings, Inc. has a 52-week low of $105.30 and a 52-week high of $146.09. Spectrum Brands Holdings also saw some unusual options trading activity on Monday. Stock traders bought 13,644 call options on the stock. This represents an increase of approximately 720% compared to the average volume of 1,663 call options.

Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. On average, analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be given a $0.42 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.56%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is 34.29%.

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Several equities analysts have weighed in on SPB shares. BidaskClub lowered Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Deutsche Bank AG reduced their price objective on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $150.00 price objective (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Spectrum Brands Holdings has an average rating of “Buy” and an average target price of $146.44.

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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