ACCO Brands Co. (NYSE:ACCO) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 238.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,213 shares of the industrial products company’s stock after acquiring an additional 31,864 shares during the quarter. Quantbot Technologies LP’s holdings in ACCO Brands were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACCO. Intech Investment Management LLC acquired a new stake in shares of ACCO Brands during the third quarter worth about $98,000. FMR LLC grew its stake in ACCO Brands by 123.0% during the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after buying an additional 3,260 shares during the last quarter. HighTower Advisors LLC lifted its stake in ACCO Brands by 21.0% in the third quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company’s stock valued at $394,000 after buying an additional 12,508 shares during the last quarter. Quarry LP boosted its holdings in shares of ACCO Brands by 749.0% in the third quarter. Quarry LP now owns 16,573 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 14,621 shares during the period. Finally, Stifel Financial Corp grew its position in shares of ACCO Brands by 2.7% during the third quarter. Stifel Financial Corp now owns 313,644 shares of the industrial products company’s stock worth $1,716,000 after acquiring an additional 8,153 shares during the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday. Barrington Research decreased their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th.

ACCO Brands Price Performance

ACCO Brands stock opened at $4.38 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The business has a 50 day simple moving average of $4.89 and a 200-day simple moving average of $5.26. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.44. The stock has a market capitalization of $406.35 million, a PE ratio of -4.13, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The firm had revenue of $448.10 million during the quarter, compared to analyst estimates of $455.06 million. Equities analysts predict that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Friday, March 14th. ACCO Brands’s dividend payout ratio is presently -28.30%.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.