Cwm LLC Buys 6,789 Shares of ACCO Brands Co. (NYSE:ACCO)

Cwm LLC boosted its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 35.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,853 shares of the industrial products company’s stock after purchasing an additional 6,789 shares during the quarter. Cwm LLC’s holdings in ACCO Brands were worth $141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of ACCO Brands by 13.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,772,069 shares of the industrial products company’s stock worth $32,381,000 after purchasing an additional 706,291 shares during the period. LSV Asset Management lifted its holdings in shares of ACCO Brands by 0.7% during the first quarter. LSV Asset Management now owns 3,390,700 shares of the industrial products company’s stock worth $19,022,000 after buying an additional 24,900 shares during the last quarter. Capital Management Corp VA boosted its position in shares of ACCO Brands by 286.7% in the first quarter. Capital Management Corp VA now owns 2,430,785 shares of the industrial products company’s stock valued at $13,637,000 after acquiring an additional 1,802,250 shares during the period. AQR Capital Management LLC grew its stake in shares of ACCO Brands by 34.6% in the second quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company’s stock worth $7,788,000 after acquiring an additional 426,201 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in ACCO Brands by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company’s stock worth $6,109,000 after acquiring an additional 76,840 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Stock Performance

NYSE:ACCO opened at $4.87 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $5.28 and a 200 day moving average price of $5.03. The firm has a market capitalization of $465.57 million, a PE ratio of -18.04, a price-to-earnings-growth ratio of 0.42 and a beta of 1.62. ACCO Brands Co. has a 12-month low of $4.36 and a 12-month high of $6.62.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. ACCO Brands had a positive return on equity of 13.32% and a negative net margin of 10.15%. The business had revenue of $438.30 million for the quarter, compared to analyst estimates of $452.73 million. During the same quarter in the previous year, the firm earned $0.38 EPS. ACCO Brands’s quarterly revenue was down 11.3% on a year-over-year basis. Research analysts anticipate that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

Insider Transactions at ACCO Brands

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total value of $104,838.02. Following the transaction, the senior vice president now directly owns 243,899 shares in the company, valued at $1,334,127.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is owned by insiders.

Analysts Set New Price Targets

ACCO has been the topic of a number of recent research reports. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Barrington Research restated an “outperform” rating and set a $7.00 price objective on shares of ACCO Brands in a research report on Wednesday, September 4th.

About ACCO Brands

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.