BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $351,000 Stake in Spectrum Brands Holdings, Inc. (SPB)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 64.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,314 shares of the company’s stock after selling 6,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Spectrum Brands were worth $351,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC raised its stake in Spectrum Brands by 4.2% in the second quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock worth $361,000 after buying an additional 116 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Spectrum Brands by 4.4% in the second quarter. Great West Life Assurance Co. Can now owns 8,390 shares of the company’s stock worth $1,048,000 after buying an additional 355 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Spectrum Brands by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after buying an additional 200 shares in the last quarter. Sei Investments Co. raised its stake in Spectrum Brands by 65.7% in the second quarter. Sei Investments Co. now owns 7,147 shares of the company’s stock worth $894,000 after buying an additional 2,834 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Spectrum Brands by 6.7% in the second quarter. First Trust Advisors LP now owns 155,101 shares of the company’s stock worth $19,394,000 after buying an additional 9,806 shares in the last quarter. Institutional investors own 48.26% of the company’s stock.

SPB has been the subject of a number of research reports. Oppenheimer reissued a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a research note on Wednesday, August 30th. Royal Bank of Canada reissued a “buy” rating and issued a $155.00 price target on shares of Spectrum Brands in a research note on Wednesday, November 15th. Wells Fargo & Company reissued an “outperform” rating and issued a $125.00 price target (down from $147.00) on shares of Spectrum Brands in a research note on Tuesday, October 31st. Gabelli raised shares of Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Spectrum Brands presently has a consensus rating of “Buy” and an average price target of $137.25.

Spectrum Brands Holdings, Inc. (NYSE SPB) opened at $109.72 on Monday. Spectrum Brands Holdings, Inc. has a one year low of $98.11 and a one year high of $146.09. The firm has a market cap of $6,322.72, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $1.31 EPS. Spectrum Brands’s revenue for the quarter was up 5.8% on a year-over-year basis. equities research analysts expect that Spectrum Brands Holdings, Inc. will post 6.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands’s dividend payout ratio is 33.33%.

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Spectrum Brands 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.

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

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