Asset Management One Co. Ltd. Has $634,000 Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Asset Management One Co. Ltd. cut its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,665 shares of the company’s stock after selling 383 shares during the period. Asset Management One Co. Ltd.’s holdings in Spectrum Brands were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPB. Waldron Private Wealth LLC acquired a new stake in Spectrum Brands during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc boosted its position in shares of Spectrum Brands by 1,923.8% in the second quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock valued at $37,000 after acquiring an additional 404 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Spectrum Brands in the first quarter valued at about $42,000. International Assets Investment Management LLC increased its position in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after acquiring an additional 471 shares during the period. Finally, Farther Finance Advisors LLC increased its position in 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 acquiring an additional 261 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company upped their target price on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.88.

Spectrum Brands Trading Up 1.3 %

Shares of SPB opened at $92.62 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. Spectrum Brands Holdings, Inc. has a 52-week low of $65.27 and a 52-week high of $96.74. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 0.26 and a beta of 1.23. The business’s fifty day moving average is $91.54 and its 200-day moving average is $89.08.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.25). Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The business had revenue of $779.40 million for the quarter, compared to analyst estimates of $750.97 million. During the same period in the previous year, the firm posted $0.75 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.76 EPS for the current fiscal year.

Spectrum Brands Company 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.