BNP Paribas Arbitrage SA cut its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 85.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,676 shares of the company’s stock after selling 51,785 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Spectrum Brands were worth $919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank increased its holdings in shares of Spectrum Brands by 1.6% during the 2nd quarter. Swiss National Bank now owns 96,300 shares of the company’s stock valued at $12,041,000 after purchasing an additional 1,500 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Spectrum Brands by 19.9% during the 2nd quarter. Alliancebernstein L.P. now owns 17,160 shares of the company’s stock valued at $2,146,000 after purchasing an additional 2,851 shares in the last quarter. First Manhattan Co. increased its holdings in shares of Spectrum Brands by 242.9% during the 3rd quarter. First Manhattan Co. now owns 39,957 shares of the company’s stock valued at $4,232,000 after purchasing an additional 28,305 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Spectrum Brands by 27.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 54,260 shares of the company’s stock valued at $6,784,000 after purchasing an additional 11,629 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Spectrum Brands by 14.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 52,100 shares of the company’s stock valued at $6,515,000 after purchasing an additional 6,700 shares in the last quarter. 48.32% of the stock is owned by institutional investors.

SPB has been the subject of several recent research reports. BidaskClub raised shares of Spectrum Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Oppenheimer reaffirmed a “buy” rating and set a $167.00 target price on shares of Spectrum Brands in a report on Wednesday, August 30th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a report on Thursday, September 28th. Jefferies Group reaffirmed a “buy” rating and set a $143.00 target price on shares of Spectrum Brands in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $137.25.

Shares of Spectrum Brands Holdings, Inc. (NYSE SPB) opened at $114.21 on Friday. The company has a market cap of $6,581.47, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.82 and a beta of 0.76. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. Spectrum Brands Holdings, Inc. has a 1-year low of $98.11 and a 1-year high of $146.09.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. Spectrum Brands’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS. analysts expect that Spectrum Brands Holdings, Inc. will post 6.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands’s payout ratio is presently 33.33%.

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Spectrum Brands 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.

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

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