Robeco Institutional Asset Management B.V. Boosts Stock Position in ACCO Brands Co. (NYSE:ACCO)

Robeco Institutional Asset Management B.V. lifted its position in ACCO Brands Co. (NYSE:ACCO – Get Rating) by 31.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,376 shares of the industrial products company’s stock after buying an additional 67,226 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.30% of ACCO Brands worth $1,369,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd increased its holdings in ACCO Brands by 1,042.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,358 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 3,064 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in ACCO Brands during the 3rd quarter worth about $28,000. Lazard Asset Management LLC purchased a new stake in ACCO Brands during the 1st quarter worth about $30,000. Nisa Investment Advisors LLC increased its holdings in ACCO Brands by 396.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,135 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 4,900 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in ACCO Brands by 811.1% during the 2nd quarter. New York State Teachers Retirement System now owns 8,200 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 7,300 shares during the period. Hedge funds and other institutional investors own 80.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ACCO shares. Barrington Research lowered their price objective on ACCO Brands from $11.00 to $7.00 in a research report on Monday, October 17th. StockNews.com cut ACCO Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th.

Insiders Place Their Bets

In related news, EVP Roxanne M. Bernstein acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was bought at an average cost of $5.64 per share, with a total value of $56,400.00. Following the transaction, the executive vice president now owns 20,000 shares of the company’s stock, valued at $112,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by insiders.

ACCO Brands Stock Up 1.5 %

Shares of NYSE ACCO opened at $6.16 on Friday. The stock has a market cap of $580.65 million, a PE ratio of 32.42, a price-to-earnings-growth ratio of 0.43 and a beta of 1.76. The company has a quick ratio of 0.96, a current ratio of 1.82 and a debt-to-equity ratio of 1.34. ACCO Brands Co. has a 52-week low of $4.27 and a 52-week high of $9.00. The business has a 50-day moving average price of $5.56 and a 200 day moving average price of $5.80.

ACCO Brands (NYSE:ACCO – Get Rating) last announced its earnings results on Monday, November 7th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $485.60 million during the quarter, compared to analysts’ expectations of $484.78 million. ACCO Brands had a return on equity of 14.54% and a net margin of 1.07%. Equities research analysts forecast that ACCO Brands Co. will post 1.06 earnings per share for the current year.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 25th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 4.87%. ACCO Brands’s payout ratio is 157.90%.

ACCO Brands Profile

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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, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.