Shell Asset Management Co. Has $225,000 Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Shell Asset Management Co. lowered its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 85.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,798 shares of the company’s stock after selling 10,516 shares during the period. Shell Asset Management Co.’s holdings in Spectrum Brands Holdings were worth $225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Spectrum Brands Holdings by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,020,401 shares of the company’s stock worth $280,856,000 after acquiring an additional 32,915 shares during the period. JPMorgan Chase & Co. grew its position in Spectrum Brands Holdings by 21.0% during the first quarter. JPMorgan Chase & Co. now owns 1,614,442 shares of the company’s stock valued at $224,423,000 after buying an additional 280,396 shares during the period. BlackRock Inc. grew its position in Spectrum Brands Holdings by 5,054.7% during the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock valued at $168,030,000 after buying an additional 1,185,319 shares during the period. Acadian Asset Management LLC grew its position in Spectrum Brands Holdings by 15.1% during the first quarter. Acadian Asset Management LLC now owns 1,132,417 shares of the company’s stock valued at $157,414,000 after buying an additional 148,833 shares during the period. Finally, Brahman Capital Corp. lifted its holdings in Spectrum Brands Holdings by 0.3% during the first quarter. Brahman Capital Corp. now owns 1,030,503 shares of the company’s stock valued at $143,250,000 after purchasing an additional 3,035 shares in the last quarter. 47.01% of the stock is owned by hedge funds and other institutional investors.

Spectrum Brands Holdings, Inc. (SPB) traded down 3.05% during trading on Tuesday, reaching $106.26. The company’s stock had a trading volume of 377,845 shares. The company has a market capitalization of $6.17 billion, a P/E ratio of 21.76 and a beta of 0.68. The company’s 50-day moving average is $113.75 and its 200-day moving average is $129.18. Spectrum Brands Holdings, Inc. has a 1-year low of $105.30 and a 1-year high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.92 by $0.21. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 earnings per share. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s payout ratio is currently 34.29%.

SPB has been the topic of several research reports. Zacks Investment Research cut shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and set a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. Finally, BMO Capital Markets decreased their price objective on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $146.38.

COPYRIGHT VIOLATION WARNING: “Shell Asset Management Co. Has $225,000 Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)” was posted by BNB Daily and is the property of of BNB Daily. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/09/05/shell-asset-management-co-cuts-stake-in-spectrum-brands-holdings-inc-spb-updated.html.

Spectrum Brands Holdings 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 Holdings (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply