American National Bank raised its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 31.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,153 shares of the company’s stock after acquiring an additional 5,361 shares during the quarter. American National Bank’s holdings in Spectrum Brands were worth $2,490,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SPB. Check Capital Management Inc. CA boosted its stake in Spectrum Brands by 173.8% in the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after acquiring an additional 482,162 shares during the last quarter. Rovida Advisors Inc. bought a new position in shares of Spectrum Brands during the 3rd quarter valued at approximately $21,081,000. Channing Capital Management LLC bought a new position in shares of Spectrum Brands during the 3rd quarter valued at approximately $16,769,000. JPMorgan Chase & Co. grew its stake in shares of Spectrum Brands by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock valued at $184,511,000 after acquiring an additional 121,573 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Spectrum Brands during the 2nd quarter valued at approximately $12,046,000. 48.23% of the stock is currently owned by hedge funds and other institutional investors.
Spectrum Brands Holdings, Inc. (NYSE:SPB) traded down $1.31 during mid-day trading on Thursday, reaching $120.00. The company’s stock had a trading volume of 763,200 shares, compared to its average volume of 716,171. Spectrum Brands Holdings, Inc. has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. The company has a market cap of $6,950.00, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th were paid a $0.42 dividend. The ex-dividend date was Monday, November 27th. This represents a $1.68 annualized dividend and a yield of 1.40%. Spectrum Brands’s payout ratio is 33.47%.
A number of brokerages recently issued reports on SPB. Royal Bank of Canada reiterated a “buy” rating and set a $155.00 price objective on shares of Spectrum Brands in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and set a $145.00 price objective on shares of Spectrum Brands in a research note on Tuesday. KeyCorp set a $130.00 price objective on Spectrum Brands and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Bank of America boosted their price objective on Spectrum Brands from $113.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $141.67.
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About Spectrum Brands
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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