Spectrum Brands Holdings, Inc. (SPB) Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. lowered its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,993,218 shares of the company’s stock after selling 27,183 shares during the period. Vanguard Group Inc. owned about 3.43% of Spectrum Brands Holdings worth $249,231,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss National Bank grew its holdings in shares of Spectrum Brands Holdings by 1.6% in the second quarter. Swiss National Bank now owns 96,300 shares of the company’s stock worth $12,041,000 after acquiring an additional 1,500 shares during the period. Eagle Asset Management Inc. grew its holdings in Spectrum Brands Holdings by 27.3% during the second quarter. Eagle Asset Management Inc. now owns 54,260 shares of the company’s stock valued at $6,784,000 after purchasing an additional 11,629 shares during the period. Virginia Retirement Systems ET AL grew its holdings in Spectrum Brands Holdings by 14.8% during the second quarter. Virginia Retirement Systems ET AL now owns 52,100 shares of the company’s stock valued at $6,515,000 after purchasing an additional 6,700 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Spectrum Brands Holdings by 85.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 100,908 shares of the company’s stock valued at $12,618,000 after purchasing an additional 46,537 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in Spectrum Brands Holdings during the second quarter valued at about $2,126,000. 47.05% of the stock is owned by institutional investors.
Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.21). The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 EPS.
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Several research firms have issued reports on SPB. Jefferies Group LLC reissued a “buy” rating and set a $143.00 price target on shares of Spectrum Brands Holdings in a report on Thursday. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, September 28th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $167.00 price target on shares of Spectrum Brands Holdings in a report on Wednesday, August 30th. BidaskClub raised Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $131.00 price target (down previously from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Spectrum Brands Holdings has an average rating of “Buy” and a consensus target price of $144.33.
Spectrum Brands Holdings 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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