Mackenzie Financial Corp Increases Stock Position in ACCO Brands Co. (NYSE:ACCO)

Mackenzie Financial Corp increased its position in ACCO Brands Co. (NYSE:ACCO) by 36.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,932 shares of the industrial products company’s stock after buying an additional 13,027 shares during the period. Mackenzie Financial Corp’s holdings in ACCO Brands were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of ACCO Brands by 77.6% in the 3rd quarter. SG Americas Securities LLC now owns 54,677 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 23,896 shares during the period. Denali Advisors LLC purchased a new position in ACCO Brands in the third quarter valued at approximately $218,000. Robeco Institutional Asset Management B.V. lifted its position in ACCO Brands by 18.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 317,276 shares of the industrial products company’s stock valued at $1,821,000 after buying an additional 49,542 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in ACCO Brands during the third quarter worth approximately $365,000. Finally, Bank of New York Mellon Corp grew its stake in ACCO Brands by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 1,251,344 shares of the industrial products company’s stock worth $7,183,000 after buying an additional 12,919 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Stock Performance

ACCO Brands stock opened at $4.83 on Friday. The firm has a market capitalization of $461.94 million, a PE ratio of -20.13, a price-to-earnings-growth ratio of 0.38 and a beta of 1.64. ACCO Brands Co. has a one year low of $4.30 and a one year high of $6.62. The stock’s 50 day moving average price is $5.41 and its 200 day moving average price is $5.57. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.58.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Friday, February 23rd. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $488.60 million for the quarter, compared to analysts’ expectations of $476.37 million. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. As a group, sell-side analysts expect that ACCO Brands Co. will post 1.07 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.30 annualized dividend and a dividend yield of 6.21%. ACCO Brands’s dividend payout ratio is presently -125.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Barrington Research reissued an “outperform” rating and issued a $7.50 price objective on shares of ACCO Brands in a research report on Thursday, February 29th.

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.