Rovida Advisors Inc. Has $3.15 Million Stake in Spectrum Brands Holdings Inc. $SPB

Rovida Advisors Inc. lifted its holdings in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) by 1,140.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the company’s stock after acquiring an additional 55,163 shares during the quarter. Spectrum Brands makes up about 2.7% of Rovida Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Rovida Advisors Inc. owned 0.25% of Spectrum Brands worth $3,150,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in Spectrum Brands during the second quarter worth $41,000. SJS Investment Consulting Inc. acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth about $47,000. State of Alaska Department of Revenue bought a new stake in shares of Spectrum Brands during the 3rd quarter worth about $49,000. Raymond James Financial Inc. acquired a new position in Spectrum Brands in the 2nd quarter valued at about $103,000. Finally, Tower Research Capital LLC TRC raised its holdings in Spectrum Brands by 1,405.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $128,000 after acquiring an additional 2,248 shares during the period.

Spectrum Brands Stock Performance

NYSE:SPB opened at $76.04 on Friday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.60 and a beta of 0.64. Spectrum Brands Holdings Inc. has a fifty-two week low of $49.99 and a fifty-two week high of $80.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.21. The stock has a fifty day moving average price of $68.90 and a 200-day moving average price of $60.22.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.63. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The business had revenue of $677.00 million during the quarter, compared to the consensus estimate of $667.59 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Spectrum Brands’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 17th. This represents a $1.88 annualized dividend and a yield of 2.5%. Spectrum Brands’s dividend payout ratio is presently 43.42%.

Analyst Upgrades and Downgrades

SPB has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price objective on Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Spectrum Brands in a research note on Monday, December 29th. Oppenheimer increased their price objective on Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research report on Friday, February 6th. Finally, Wall Street Zen raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.00.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.