Robeco Institutional Asset Management B.V. Sells 10,808 Shares of ACCO Brands Co. (NYSE:ACCO)

Robeco Institutional Asset Management B.V. lessened its position in shares of ACCO Brands Co. (NYSE:ACCO) by 4.2% during the third quarter, Holdings Channel reports. The institutional investor owned 245,502 shares of the industrial products company’s stock after selling 10,808 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ACCO Brands were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC lifted its position in shares of ACCO Brands by 68.3% during the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock valued at $38,000 after buying an additional 2,800 shares during the last quarter. Somerset Trust Co purchased a new position in shares of ACCO Brands during the 2nd quarter valued at $57,000. Innealta Capital LLC purchased a new position in shares of ACCO Brands during the 1st quarter valued at $65,000. SG Americas Securities LLC purchased a new position in shares of ACCO Brands during the 1st quarter valued at $71,000. Finally, Paloma Partners Management Co purchased a new position in shares of ACCO Brands during the 1st quarter valued at $74,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Performance

Shares of ACCO opened at $6.02 on Friday. The stock’s 50-day simple moving average is $5.29 and its 200 day simple moving average is $5.06. The stock has a market capitalization of $559.14 million, a price-to-earnings ratio of -3.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.63. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.09 and a current ratio of 1.60. ACCO Brands Co. has a 52-week low of $4.36 and a 52-week high of $6.62.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The business had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts forecast that ACCO Brands Co. will post 1.04 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.30 annualized dividend and a dividend yield of 4.98%. ACCO Brands’s payout ratio is currently -15.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $7.00 price target on shares of ACCO Brands in a research report on Wednesday, September 4th. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th.

Insider Buying and Selling at ACCO Brands

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value of $104,838.02. Following the sale, the senior vice president now owns 243,899 shares of the company’s stock, valued at $1,334,127.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.30% of the company’s stock.

ACCO Brands Profile

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.