Guggenheim Capital LLC Sells 610 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Guggenheim Capital LLC decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,088 shares of the company’s stock after selling 610 shares during the period. Guggenheim Capital LLC’s holdings in Spectrum Brands were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands in the fourth quarter worth approximately $50,000. Blue Trust Inc. lifted its holdings in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after purchasing an additional 375 shares during the last quarter. KBC Group NV boosted its position in shares of Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after purchasing an additional 390 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in Spectrum Brands during the 4th quarter worth $237,000. Finally, City Center Advisors LLC purchased a new stake in Spectrum Brands in the fourth quarter valued at about $306,000.

Spectrum Brands Trading Up 0.3 %

Shares of NYSE:SPB opened at $62.88 on Tuesday. Spectrum Brands Holdings, Inc. has a 52-week low of $57.66 and a 52-week high of $96.74. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.70 and a beta of 1.03. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $68.64 and a 200-day moving average price of $80.82.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period in the previous year, the business earned $0.78 earnings per share. Equities analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is currently 46.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SPB shares. Wells Fargo & Company decreased their price target on Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada decreased their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, UBS Group decreased their price target on Spectrum Brands from $106.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.43.

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.