GSA Capital Partners LLP raised its holdings in shares of Newell Brands Inc (NYSE:NWL) by 55.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,281 shares of the company’s stock after purchasing an additional 9,742 shares during the quarter. GSA Capital Partners LLP’s holdings in Newell Brands were worth $507,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its holdings in Newell Brands by 250.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 34,049 shares of the company’s stock worth $691,000 after purchasing an additional 24,329 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Newell Brands by 38.6% in the third quarter. Victory Capital Management Inc. now owns 375,783 shares of the company’s stock worth $7,628,000 after purchasing an additional 104,617 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Newell Brands by 19.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 125,800 shares of the company’s stock worth $2,554,000 after purchasing an additional 20,161 shares in the last quarter. Virginia Retirement Systems ET AL raised its holdings in Newell Brands by 153.9% in the third quarter. Virginia Retirement Systems ET AL now owns 52,300 shares of the company’s stock worth $1,062,000 after purchasing an additional 31,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Newell Brands by 74.0% in the third quarter. Janney Montgomery Scott LLC now owns 152,055 shares of the company’s stock worth $3,087,000 after purchasing an additional 64,654 shares in the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.
Shares of NYSE:NWL opened at $15.45 on Friday. Newell Brands Inc has a 12-month low of $15.11 and a 12-month high of $29.23. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Wednesday, February 27th. Newell Brands’s payout ratio is 33.45%.
A number of equities analysts have commented on NWL shares. Citigroup set a $24.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a report on Wednesday, February 20th. Wells Fargo & Co reiterated a “buy” rating and issued a $36.00 target price on shares of Newell Brands in a report on Thursday, December 20th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, January 7th. Barclays set a $16.00 price target on Newell Brands and gave the stock a “hold” rating in a research note on Tuesday, February 19th. Finally, Jefferies Financial Group dropped their price target on Newell Brands to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Newell Brands currently has a consensus rating of “Hold” and an average price target of $22.08.
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Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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