Trexquant Investment LP Increases Holdings in Newell Brands Inc. (NASDAQ:NWL)

Trexquant Investment LP increased its position in Newell Brands Inc. (NASDAQ:NWLFree Report) by 93.3% during the 4th quarter, Holdings Channel reports. The firm owned 616,325 shares of the company’s stock after acquiring an additional 297,405 shares during the quarter. Trexquant Investment LP’s holdings in Newell Brands were worth $5,350,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Newell Brands in the 3rd quarter worth approximately $51,000. GAMMA Investing LLC purchased a new position in shares of Newell Brands in the 4th quarter valued at $61,000. Dynamic Advisor Solutions LLC bought a new position in shares of Newell Brands in the 4th quarter worth $88,000. Prime Capital Investment Advisors LLC bought a new stake in Newell Brands during the fourth quarter valued at about $94,000. Finally, Quadrature Capital Ltd purchased a new position in Newell Brands in the third quarter valued at about $108,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Price Performance

NWL stock traded down $0.04 during trading on Wednesday, hitting $8.18. 203,783 shares of the company traded hands, compared to its average volume of 4,822,327. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $11.61. The stock’s 50-day simple moving average is $7.68 and its 200 day simple moving average is $7.88. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48.

Newell Brands (NASDAQ:NWLGet Free Report) last posted its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.6 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, May 31st. Newell Brands’s payout ratio is currently -38.89%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NWL. Raymond James cut shares of Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Barclays raised Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a research report on Tuesday, May 14th. Canaccord Genuity Group upped their target price on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Morgan Stanley cut their price objective on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Royal Bank of Canada cut their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.70.

Get Our Latest Stock Report on Newell Brands

Newell Brands Company Profile

(Free Report)

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.

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Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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