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

Quantbot Technologies LP grew its position in shares of ACCO Brands Co. (NYSE:ACCO) by 238.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,213 shares of the industrial products company’s stock after purchasing an additional 31,864 shares during the period. Quantbot Technologies LP’s holdings in ACCO Brands were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after buying an additional 3,260 shares during the period. EP Wealth Advisors LLC acquired a new position in ACCO Brands in the 3rd quarter valued at about $61,000. Y Intercept Hong Kong Ltd purchased a new stake in ACCO Brands during the third quarter worth about $63,000. Burns Matteson Capital Management LLC acquired a new stake in shares of ACCO Brands during the fourth quarter worth about $61,000. Finally, Xponance Inc. purchased a new position in shares of ACCO Brands in the fourth quarter valued at approximately $65,000. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACCO. Barrington Research reduced their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday.

ACCO Brands Stock Performance

Shares of ACCO Brands stock opened at $4.38 on Friday. The business has a 50-day simple moving average of $4.89 and a 200-day simple moving average of $5.26. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. ACCO Brands Co. has a one year low of $4.30 and a one year high of $6.44. The company has a market cap of $406.35 million, a PE ratio of -4.13, a P/E/G ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last posted its quarterly 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 for the quarter, compared to analyst estimates of $455.06 million. On average, equities research analysts forecast that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

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

ACCO Brands Company 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.