Strs Ohio reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 81.3% during the second quarter, Holdings Channel reports. The institutional investor owned 17,865 shares of the company’s stock after selling 77,500 shares during the period. Strs Ohio’s holdings in Spectrum Brands Holdings were worth $2,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ARP Americas LLC purchased a new position in Spectrum Brands Holdings during the first quarter worth approximately $220,000. Shell Asset Management Co. boosted its position in Spectrum Brands Holdings by 6.7% in the first quarter. Shell Asset Management Co. now owns 12,314 shares of the company’s stock worth $1,712,000 after buying an additional 777 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in Spectrum Brands Holdings by 22.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,556 shares of the company’s stock worth $1,467,000 after buying an additional 1,932 shares in the last quarter. Acadian Asset Management LLC boosted its position in Spectrum Brands Holdings by 15.1% in the first quarter. Acadian Asset Management LLC now owns 1,132,417 shares of the company’s stock worth $157,414,000 after buying an additional 148,833 shares in the last quarter. Finally, Navellier & Associates Inc boosted its position in Spectrum Brands Holdings by 5.6% in the first quarter. Navellier & Associates Inc now owns 3,125 shares of the company’s stock worth $434,000 after buying an additional 167 shares in the last quarter. 48.15% of the stock is currently owned by institutional investors and hedge funds.

Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 110.81 on Thursday. The stock’s 50 day moving average price is $121.27 and its 200-day moving average price is $131.89. Spectrum Brands Holdings, Inc. has a 52 week low of $108.30 and a 52 week high of $146.09. The company has a market capitalization of $6.43 billion, a PE ratio of 22.69 and a beta of 0.66.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly 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 firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.73 earnings per share. On average, equities research analysts predict that Spectrum Brands Holdings, Inc. will post $5.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.52%. Spectrum Brands Holdings’s payout ratio is 34.29%.

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A number of research firms recently commented on SPB. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 target price on shares of Spectrum Brands Holdings in a research note on Friday, April 21st. Jefferies Group LLC reissued a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a research note on Tuesday, May 2nd. Zacks Investment Research raised Spectrum Brands Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BMO Capital Markets set a $155.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG reduced their target price on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Spectrum Brands Holdings presently has a consensus rating of “Buy” and an average target price of $143.88.

About Spectrum Brands Holdings

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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