Algert Global LLC Has $14.37 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Algert Global LLC increased its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 34.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,050 shares of the company’s stock after purchasing an additional 38,514 shares during the period. Spectrum Brands makes up approximately 0.4% of Algert Global LLC’s investment portfolio, making the stock its 24th largest holding. Algert Global LLC owned about 0.54% of Spectrum Brands worth $14,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new stake in shares of Spectrum Brands in the 3rd quarter valued at about $27,000. Versant Capital Management Inc grew its holdings in shares of Spectrum Brands by 1,923.8% in the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock valued at $37,000 after buying an additional 404 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Spectrum Brands during the 1st quarter worth $42,000. International Assets Investment Management LLC lifted its holdings in shares of Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after purchasing an additional 471 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Spectrum Brands by 92.2% during the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after buying an additional 261 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, August 9th. UBS Group increased their price target on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their price target on Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group raised their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $102.38.

Spectrum Brands Trading Up 0.2 %

SPB opened at $90.45 on Friday. Spectrum Brands Holdings, Inc. has a 1-year low of $65.50 and a 1-year high of $96.74. The company has a current ratio of 2.30, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.54 billion, a P/E ratio of 22.17, a PEG ratio of 1.57 and a beta of 1.23. The company’s 50 day moving average is $91.45 and its 200-day moving average is $89.66.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). The business had revenue of $773.70 million for the quarter, compared to analyst estimates of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Equities research analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, November 26th. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. Spectrum Brands’s dividend payout ratio is 41.18%.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.