Wealth Enhancement Advisory Services LLC Purchases New Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,863 shares of the company’s stock, valued at approximately $272,000.

A number of other large investors also recently made changes to their positions in SPB. Waldron Private Wealth LLC bought a new position in shares of Spectrum Brands during the third quarter valued at about $27,000. Versant Capital Management Inc increased its holdings in Spectrum Brands by 1,923.8% during the second quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock worth $37,000 after buying an additional 404 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Spectrum Brands during the first quarter worth about $42,000. International Assets Investment Management LLC increased its holdings 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 buying an additional 471 shares during the last quarter. Finally, Quarry LP increased its holdings in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after buying an additional 450 shares during the last quarter.

Spectrum Brands Stock Up 1.9 %

Shares of NYSE:SPB opened at $94.34 on Tuesday. The business has a 50-day moving average price of $91.54 and a 200 day moving average price of $89.14. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 0.26 and a beta of 1.23. Spectrum Brands Holdings, Inc. has a 12-month low of $65.27 and a 12-month high of $96.74.

Wall Street Analyst Weigh In

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

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.