ACCO Brands Co. (NYSE:ACCO) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in ACCO Brands Co. (NYSE:ACCO) by 285.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,302 shares of the industrial products company’s stock after buying an additional 109,813 shares during the quarter. Barclays PLC owned approximately 0.16% of ACCO Brands worth $810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of ACCO Brands by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company’s stock worth $11,855,000 after purchasing an additional 53,490 shares during the period. Foundry Partners LLC grew its position in shares of ACCO Brands by 15.7% during the 3rd quarter. Foundry Partners LLC now owns 765,851 shares of the industrial products company’s stock valued at $4,189,000 after buying an additional 104,160 shares during the last quarter. Bank of Montreal Can acquired a new stake in ACCO Brands during the second quarter worth about $4,588,000. Capital Management Corp VA lifted its holdings in ACCO Brands by 14.3% in the third quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock worth $19,288,000 after acquiring an additional 439,810 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in ACCO Brands by 21.0% in the third quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company’s stock valued at $394,000 after acquiring an additional 12,508 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACCO shares. StockNews.com cut ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Barrington Research increased their target price on ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, November 22nd.

ACCO Brands Price Performance

Shares of NYSE ACCO opened at $5.20 on Thursday. ACCO Brands Co. has a 1-year low of $4.36 and a 1-year high of $6.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The business’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.29. The firm has a market capitalization of $482.98 million, a PE ratio of -2.75, a P/E/G ratio of 0.48 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The firm had revenue of $420.90 million for the quarter, compared to analyst estimates of $418.20 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts expect that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 5.77%. The ex-dividend date was Friday, November 15th. ACCO Brands’s dividend payout ratio is presently -15.87%.

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.