Public Employees Retirement Association of Colorado grew its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 10,252.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,572 shares of the company’s stock after purchasing an additional 77,813 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Spectrum Brands were worth $8,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Aperio Group LLC increased its holdings in shares of Spectrum Brands by 53.1% in the fourth quarter. Aperio Group LLC now owns 4,287 shares of the company’s stock valued at $482,000 after purchasing an additional 1,486 shares during the period. Delphi Management Inc. MA acquired a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $655,000. Victory Capital Management Inc. increased its holdings in shares of Spectrum Brands by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 19,631 shares of the company’s stock valued at $2,207,000 after purchasing an additional 2,137 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $5,447,000. Finally, Parametrica Management Ltd acquired a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $300,000. 47.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at $110.80 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $6,416.66, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.67 and a beta of 0.69. Spectrum Brands Holdings, Inc. has a 12-month low of $98.11 and a 12-month high of $146.09.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. equities analysts predict that Spectrum Brands Holdings, Inc. will post 6.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.52%. Spectrum Brands’s payout ratio is 33.33%.

A number of research analysts recently weighed in on the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of Spectrum Brands in a report on Tuesday, January 16th. KeyCorp set a $140.00 price objective on Spectrum Brands and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating and set a $145.00 price objective on shares of Spectrum Brands in a report on Tuesday, January 9th. Finally, UBS Group upped their price objective on Spectrum Brands from $124.00 to $140.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.50.

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About Spectrum Brands

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 (NYSE:SPB)

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