Investors Research Corp Sells 4,000 Shares of ACCO Brands Co. (NYSE:ACCO)

Investors Research Corp lessened its stake in ACCO Brands Co. (NYSE:ACCO) by 13.2% during the fourth quarter, Holdings Channel reports. The firm owned 26,270 shares of the industrial products company’s stock after selling 4,000 shares during the period. Investors Research Corp’s holdings in ACCO Brands were worth $160,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ACCO. Medina Value Partners LLC purchased a new stake in shares of ACCO Brands during the fourth quarter valued at approximately $8,970,000. AQR Capital Management LLC grew its position in shares of ACCO Brands by 77.4% in the fourth quarter. AQR Capital Management LLC now owns 2,102,061 shares of the industrial products company’s stock valued at $11,751,000 after purchasing an additional 916,973 shares in the last quarter. Norges Bank purchased a new position in shares of ACCO Brands in the fourth quarter valued at $4,803,000. Ameriprise Financial Inc. grew its position in shares of ACCO Brands by 516.2% in the third quarter. Ameriprise Financial Inc. now owns 1,005,685 shares of the industrial products company’s stock valued at $5,773,000 after purchasing an additional 842,479 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of ACCO Brands by 110.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,187,604 shares of the industrial products company’s stock valued at $6,817,000 after purchasing an additional 622,830 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACCO. Barrington Research reiterated an “outperform” rating and issued a $7.50 price target on shares of ACCO Brands in a research report on Thursday, February 29th. StockNews.com lowered ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

ACCO Brands Stock Down 1.4 %

ACCO opened at $4.95 on Wednesday. The company has a market cap of $473.42 million, a P/E ratio of -20.63, a P/E/G ratio of 0.39 and a beta of 1.64. The business’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.60. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.62.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Friday, February 23rd. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $476.37 million. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities analysts expect that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 6.06%. ACCO Brands’s dividend payout ratio is currently -125.00%.

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.