ARP Americas LLC boosted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 59.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,521 shares of the company’s stock after buying an additional 936 shares during the period. ARP Americas LLC’s holdings in Spectrum Brands Holdings were worth $315,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of Spectrum Brands Holdings by 65.7% in the second quarter. Sei Investments Co. now owns 7,147 shares of the company’s stock valued at $894,000 after buying an additional 2,834 shares in the last quarter. K.J. Harrison & Partners Inc raised its position in shares of Spectrum Brands Holdings by 41.2% in the second quarter. K.J. Harrison & Partners Inc now owns 14,120 shares of the company’s stock valued at $1,766,000 after buying an additional 4,120 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Spectrum Brands Holdings by 18.2% in the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock valued at $131,105,000 after buying an additional 161,567 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Spectrum Brands Holdings during the second quarter valued at approximately $438,000. Hedge funds and other institutional investors own 48.15% of the company’s stock.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 112.18 on Tuesday. The company has a market cap of $6.51 billion, a P/E ratio of 22.97 and a beta of 0.66. The company’s 50-day moving average price is $124.71 and its 200-day moving average price is $132.49. Spectrum Brands Holdings, Inc. has a 12 month low of $108.30 and a 12 month high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $1.73 EPS. Spectrum Brands Holdings’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts forecast that Spectrum Brands Holdings, Inc. will post $5.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.50%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is 34.29%.

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Several equities analysts have recently commented on the company. Deutsche Bank AG restated a “buy” rating and set a $131.00 price target (down previously from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Jefferies Group LLC set a $143.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 29th. Finally, BMO Capital Markets cut their price target on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Spectrum Brands Holdings has an average rating of “Buy” and a consensus price target of $143.88.

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.

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Institutional Ownership by Quarter for Spectrum Brands Holdings (NYSE:SPB)

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