GSA Capital Partners LLP Takes $107,000 Position in Newell Brands Inc. (NASDAQ:NWL)

GSA Capital Partners LLP bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 13,914 shares of the company’s stock, valued at approximately $107,000.

Several other hedge funds also recently modified their holdings of the stock. Primecap Management Co. CA grew its holdings in Newell Brands by 17.7% during the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after purchasing an additional 2,109,892 shares during the period. Dimensional Fund Advisors LP raised its holdings in Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after acquiring an additional 2,668,384 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Newell Brands by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock worth $65,558,000 after purchasing an additional 137,441 shares during the period. Bank of New York Mellon Corp raised its stake in Newell Brands by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock valued at $18,077,000 after purchasing an additional 215,759 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock valued at $16,042,000 after buying an additional 1,314,514 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NWL shares. Canaccord Genuity Group increased their target price on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Royal Bank of Canada raised their price target on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.10.

Newell Brands Stock Performance

NWL opened at $9.62 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company’s fifty day moving average price is $8.14 and its two-hundred day moving average price is $7.55. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -16.03, a PEG ratio of 0.84 and a beta of 0.89. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $9.72.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, analysts expect that Newell Brands Inc. will post 0.66 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, November 29th. Newell Brands’s payout ratio is -46.67%.

Insider Activity

In related news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.