D. E. Shaw & Co. Inc. Increases Stake in ACCO Brands Co. (NYSE:ACCO)

D. E. Shaw & Co. Inc. grew its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,846,512 shares of the industrial products company’s stock after acquiring an additional 243,293 shares during the period. D. E. Shaw & Co. Inc. owned 1.80% of ACCO Brands worth $12,519,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ACCO. Vanguard Group Inc. lifted its position in ACCO Brands by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,727,334 shares of the industrial products company’s stock worth $109,919,000 after acquiring an additional 41,829 shares during the last quarter. Vanguard Group Inc lifted its position in ACCO Brands by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 9,727,334 shares of the industrial products company’s stock worth $109,919,000 after acquiring an additional 41,829 shares during the last quarter. BlackRock Inc. lifted its position in ACCO Brands by 2.1% during the 4th quarter. BlackRock Inc. now owns 7,488,996 shares of the industrial products company’s stock worth $50,775,000 after acquiring an additional 150,595 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ACCO Brands by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,903,441 shares of the industrial products company’s stock worth $66,708,000 after acquiring an additional 449,077 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in ACCO Brands by 83.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,424,320 shares of the industrial products company’s stock worth $9,657,000 after acquiring an additional 645,978 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

ACCO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of ACCO Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. Barrington Research reissued a “buy” rating and set a $13.00 target price on shares of ACCO Brands in a research report on Tuesday, February 12th. Finally, ValuEngine raised shares of ACCO Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. ACCO Brands currently has a consensus rating of “Hold” and an average target price of $14.75.

Shares of ACCO traded down $0.09 during trading hours on Monday, reaching $8.70. 235,100 shares of the company traded hands, compared to its average volume of 562,957. The firm has a market capitalization of $899.99 million, a P/E ratio of 7.63, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.90 and a current ratio of 1.47. ACCO Brands Co. has a 1-year low of $6.07 and a 1-year high of $14.63.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Wednesday, February 13th. The industrial products company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). The company had revenue of $529.00 million for the quarter, compared to analyst estimates of $553.42 million. ACCO Brands had a net margin of 5.50% and a return on equity of 16.00%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. As a group, equities analysts forecast that ACCO Brands Co. will post 1.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, March 14th. ACCO Brands’s dividend payout ratio is currently 21.05%.

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ACCO Brands Profile

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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