337,092 Shares in Spectrum Brands Holdings, Inc. (SPB) Acquired by Norges Bank

Norges Bank acquired a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 337,092 shares of the company’s stock, valued at approximately $41,236,000. Norges Bank owned 0.57% of Spectrum Brands Holdings as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Spectrum Brands Holdings by 4.1% in the fourth quarter. FMR LLC now owns 2,828,196 shares of the company’s stock worth $345,973,000 after buying an additional 112,329 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Spectrum Brands Holdings by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 1,180,047 shares of the company’s stock worth $162,479,000 after buying an additional 47,019 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Spectrum Brands Holdings by 55.1% in the third quarter. Acadian Asset Management LLC now owns 777,402 shares of the company’s stock worth $107,039,000 after buying an additional 276,072 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Spectrum Brands Holdings by 36.2% in the third quarter. Schroder Investment Management Group now owns 500,235 shares of the company’s stock worth $68,877,000 after buying an additional 132,835 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Spectrum Brands Holdings by 40.9% in the fourth quarter. State Street Corp now owns 459,718 shares of the company’s stock worth $56,228,000 after buying an additional 133,357 shares during the last quarter. Institutional investors and hedge funds own 47.83% of the company’s stock.

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

Spectrum Brands Holdings, Inc. (NYSE:SPB) traded up 0.33% during mid-day trading on Friday, hitting $144.01. 326,511 shares of the stock were exchanged. Spectrum Brands Holdings, Inc. has a 52 week low of $109.30 and a 52 week high of $144.14. The stock’s 50-day moving average is $139.62 and its 200 day moving average is $131.16. The company has a market capitalization of $8.47 billion, a PE ratio of 24.62 and a beta of 0.65.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Thursday, January 26th. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.05. Spectrum Brands Holdings had a return on equity of 18.03% and a net margin of 6.58%. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $1.01 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts anticipate that Spectrum Brands Holdings, Inc. will post $5.91 EPS for the current year.

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A number of research analysts recently weighed in on SPB shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $167.00 target price (up previously from $160.00) on shares of Spectrum Brands Holdings in a research report on Tuesday. BMO Capital Markets set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, January 27th. Wells Fargo & Co reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, January 26th. Zacks Investment Research raised shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Wednesday, March 15th. Finally, Bank of America Corp downgraded shares of Spectrum Brands Holdings from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $135.00 to $130.00 in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Spectrum Brands Holdings currently has a consensus rating of “Buy” and a consensus price target of $150.50.

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.

5 Day Chart for NYSE:SPB

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