Utah Retirement Systems held its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,500 shares of the company’s stock at the close of the 2nd quarter. Utah Retirement Systems’ holdings in Spectrum Brands Holdings were worth $563,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp increased its stake in Spectrum Brands Holdings by 85.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 100,908 shares of the company’s stock valued at $12,618,000 after buying an additional 46,537 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Spectrum Brands Holdings by 22.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,986 shares of the company’s stock valued at $999,000 after buying an additional 1,460 shares during the last quarter. Airain ltd increased its stake in Spectrum Brands Holdings by 143.2% in the 2nd quarter. Airain ltd now owns 11,085 shares of the company’s stock valued at $1,386,000 after buying an additional 6,527 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in Spectrum Brands Holdings by 1.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock valued at $299,000 after buying an additional 35 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Spectrum Brands Holdings by 19.4% in the 2nd quarter. Victory Capital Management Inc. now owns 10,734 shares of the company’s stock valued at $1,342,000 after buying an additional 1,743 shares during the last quarter. Hedge funds and other institutional investors own 47.01% of the company’s stock.

Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 106.21 on Thursday. Spectrum Brands Holdings, Inc. has a 12 month low of $102.27 and a 12 month high of $146.09. The stock has a 50 day moving average of $110.18 and a 200-day moving average of $127.78. The company has a market cap of $6.16 billion, a P/E ratio of 21.75 and a beta of 0.68.

Spectrum Brands Holdings (NYSE:SPB) last announced its 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 during the quarter, compared to analysts’ expectations of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th were issued a $0.42 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.58%. Spectrum Brands Holdings’s dividend payout ratio is currently 34.29%.

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Several equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $155.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Jefferies Group LLC set a $143.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Saturday, July 29th. BMO Capital Markets lowered their price target on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $146.38.

Spectrum Brands Holdings 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.

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

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