Pacer Advisors Inc. Takes Position in Spectrum Brands Holdings Inc. $SPB

Pacer Advisors Inc. purchased a new stake in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 105,650 shares of the company’s stock, valued at approximately $6,242,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Spectrum Brands by 14.5% in the 3rd quarter. American Century Companies Inc. now owns 2,052,850 shares of the company’s stock valued at $107,836,000 after buying an additional 260,085 shares during the last quarter. Manning & Napier Advisors LLC increased its position in shares of Spectrum Brands by 9.1% during the fourth quarter. Manning & Napier Advisors LLC now owns 300,000 shares of the company’s stock worth $17,724,000 after acquiring an additional 25,000 shares during the last quarter. Rovida Advisors Inc. lifted its stake in shares of Spectrum Brands by 1,140.4% in the third quarter. Rovida Advisors Inc. now owns 60,000 shares of the company’s stock worth $3,150,000 after acquiring an additional 55,163 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of Spectrum Brands by 91.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 47,935 shares of the company’s stock worth $2,832,000 after acquiring an additional 22,935 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Spectrum Brands by 8.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 354,082 shares of the company’s stock valued at $20,919,000 after purchasing an additional 28,569 shares during the last quarter.

Spectrum Brands Stock Down 1.0%

Shares of Spectrum Brands stock opened at $83.16 on Tuesday. The business has a 50-day moving average price of $80.81 and a 200 day moving average price of $73.03. Spectrum Brands Holdings Inc. has a fifty-two week low of $49.99 and a fifty-two week high of $86.96. The firm has a market cap of $1.93 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.64 and a beta of 0.65. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, May 7th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.21. The company had revenue of $708.90 million for the quarter, compared to the consensus estimate of $676.45 million. Spectrum Brands had a return on equity of 8.23% and a net margin of 4.47%.Spectrum Brands’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, sell-side analysts forecast that Spectrum Brands Holdings Inc. will post 5.32 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.3%. Spectrum Brands’s dividend payout ratio (DPR) is 35.88%.

Insider Transactions at Spectrum Brands

In other Spectrum Brands news, CEO David M. Maura acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $72.85 per share, with a total value of $182,125.00. Following the completion of the acquisition, the chief executive officer directly owned 790,708 shares in the company, valued at $57,603,077.80. This trade represents a 0.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SPB has been the subject of a number of recent analyst reports. Wall Street Zen lowered Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $81.00 target price on shares of Spectrum Brands in a research report on Friday, May 8th. Canaccord Genuity Group decreased their price target on shares of Spectrum Brands from $100.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.