ACCO Brands Co. (NYSE:ACCO) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in ACCO Brands Co. (NYSE:ACCO) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,190 shares of the industrial products company’s stock after acquiring an additional 5,148 shares during the period. HighTower Advisors LLC owned approximately 0.08% of ACCO Brands worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ACCO. Intech Investment Management LLC purchased a new stake in shares of ACCO Brands during the 3rd quarter valued at approximately $98,000. FMR LLC raised its holdings in 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. Quarry LP increased its position in shares of ACCO Brands by 749.0% during the third quarter. Quarry LP now owns 16,573 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 14,621 shares during the last quarter. Stifel Financial Corp raised its stake in shares of ACCO Brands by 2.7% in the 3rd quarter. Stifel Financial Corp now owns 313,644 shares of the industrial products company’s stock valued at $1,716,000 after acquiring an additional 8,153 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of ACCO Brands by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company’s stock worth $26,129,000 after acquiring an additional 81,990 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.

ACCO Brands Stock Down 3.8 %

ACCO Brands stock opened at $4.21 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average of $4.87 and a two-hundred day moving average of $5.26. ACCO Brands Co. has a twelve month low of $4.16 and a twelve month high of $6.44. The stock has a market capitalization of $390.56 million, a price-to-earnings ratio of -3.97, a PEG ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $448.10 million for the quarter, compared to analysts’ expectations of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. As a group, research analysts expect that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.075 per share. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 7.13%. ACCO Brands’s dividend payout ratio (DPR) is -28.30%.

Wall Street Analysts Forecast Growth

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

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.