Summit Trail Advisors LLC Purchases New Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Summit Trail Advisors LLC acquired a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,809 shares of the company’s stock, valued at approximately $237,000.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Spectrum Brands during the 3rd quarter worth about $222,000. CWM LLC raised its stake in shares of Spectrum Brands by 151.7% in the third quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $179,000 after acquiring an additional 1,133 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Spectrum Brands by 28.6% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $171,000 after purchasing an additional 400 shares in the last quarter. West Oak Capital LLC grew its stake in shares of Spectrum Brands by 48.8% during the third quarter. West Oak Capital LLC now owns 26,984 shares of the company’s stock valued at $2,567,000 after purchasing an additional 8,855 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Spectrum Brands by 410.8% in the third quarter. Blue Trust Inc. now owns 807 shares of the company’s stock valued at $77,000 after purchasing an additional 649 shares in the last quarter.

Spectrum Brands Trading Up 0.5 %

NYSE SPB opened at $76.91 on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. Spectrum Brands Holdings, Inc. has a 12 month low of $74.72 and a 12 month high of $96.74. The company has a market capitalization of $2.10 billion, a PE ratio of 18.90, a P/E/G ratio of 1.36 and a beta of 1.20. The stock has a 50-day simple moving average of $85.61 and a 200 day simple moving average of $88.96.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.34% and a net margin of 4.01%. During the same period in the previous year, the firm posted $0.78 earnings per share. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.17 EPS for the current year.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.44%. Spectrum Brands’s dividend payout ratio is 46.19%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group reduced their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada cut their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.43.

Spectrum Brands Profile

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.