Acco Brands’ (ACCO) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d+) rating on shares of Acco Brands (NYSE:ACCO) in a report released on Friday morning,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Barrington Research reiterated an “outperform” rating and issued a $6.00 price objective on shares of Acco Brands in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of Acco Brands from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Acco Brands has a consensus rating of “Hold” and a consensus price target of $6.00.

Acco Brands Trading Up 1.3%

Acco Brands stock opened at $4.14 on Friday. The firm has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $3.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. The stock has a market capitalization of $372.69 million, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41. Acco Brands has a 12-month low of $3.32 and a 12-month high of $6.43.

Acco Brands (NYSE:ACCO) last posted its quarterly earnings data on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $499.40 million during the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. As a group, equities research analysts expect that Acco Brands will post 1.02 EPS for the current fiscal year.

Acco Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, November 21st. Acco Brands’s dividend payout ratio (DPR) is presently 63.83%.

Institutional Trading of Acco Brands

A number of large investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC acquired a new position in Acco Brands in the 2nd quarter worth approximately $40,000. Tower Research Capital LLC TRC boosted its stake in Acco Brands by 131.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 6,436 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Acco Brands in the 2nd quarter worth approximately $55,000. Cambridge Investment Research Advisors Inc. boosted its stake in Acco Brands by 25.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 3,276 shares during the period. Finally, Brighton Jones LLC acquired a new position in Acco Brands in the 3rd quarter worth approximately $74,000. 84.56% of the stock is currently owned by institutional investors.

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.