Caisse DE Depot ET Placement DU Quebec Buys New Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Caisse DE Depot ET Placement DU Quebec purchased a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,000 shares of the company’s stock, valued at approximately $1,943,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Spectrum Brands at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPB. Freestone Grove Partners LP bought a new stake in Spectrum Brands during the fourth quarter worth approximately $424,000. AQR Capital Management LLC lifted its position in shares of Spectrum Brands by 76.4% during the 4th quarter. AQR Capital Management LLC now owns 261,507 shares of the company’s stock valued at $22,095,000 after acquiring an additional 113,238 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Spectrum Brands by 769.9% during the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the company’s stock worth $545,000 after acquiring an additional 5,713 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Spectrum Brands by 3.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 98,140 shares of the company’s stock worth $8,292,000 after acquiring an additional 3,324 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in shares of Spectrum Brands during the fourth quarter worth $773,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SPB shares. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada lowered their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, UBS Group reduced their target price on Spectrum Brands from $106.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.43.

Spectrum Brands Stock Up 2.1 %

Spectrum Brands stock opened at $64.40 on Monday. Spectrum Brands Holdings, Inc. has a twelve month low of $57.66 and a twelve month high of $96.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a market cap of $1.69 billion, a PE ratio of 15.82, a P/E/G ratio of 1.70 and a beta of 1.03. The firm’s 50 day moving average price is $67.37 and its two-hundred day moving average price is $80.02.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter last year, the business earned $0.78 earnings per share. On average, research analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. Spectrum Brands’s payout ratio is 46.19%.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.