HighTower Advisors LLC Takes $847,000 Position in Quad/Graphics, Inc. (NYSE:QUAD)

HighTower Advisors LLC bought a new position in shares of Quad/Graphics, Inc. (NYSE:QUAD) during the 4th quarter, HoldingsChannel reports. The firm bought 121,461 shares of the business services provider’s stock, valued at approximately $847,000.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Quad/Graphics by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 83,705 shares of the business services provider’s stock worth $583,000 after purchasing an additional 2,234 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Quad/Graphics during the fourth quarter worth $253,000. Bank of New York Mellon Corp grew its holdings in shares of Quad/Graphics by 171.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider’s stock valued at $2,046,000 after buying an additional 185,344 shares during the last quarter. Empowered Funds LLC increased its position in shares of Quad/Graphics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 293,761 shares of the business services provider’s stock valued at $2,048,000 after acquiring an additional 14,275 shares during the period. Finally, Institute for Wealth Management LLC. raised its stake in Quad/Graphics by 187.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 36,179 shares of the business services provider’s stock worth $252,000 after acquiring an additional 23,601 shares during the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com upgraded Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 20th. Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of Quad/Graphics in a research report on Friday, February 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.30 price target on shares of Quad/Graphics in a report on Tuesday, February 18th.

Quad/Graphics Price Performance

Shares of QUAD opened at $5.50 on Friday. The business’s 50-day moving average is $6.39 and its two-hundred day moving average is $6.38. The company has a market capitalization of $287.65 million, a P/E ratio of -5.04 and a beta of 1.76. Quad/Graphics, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85.

Quad/Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The company had revenue of $708.40 million for the quarter, compared to analyst estimates of $726.70 million. Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. Research analysts predict that Quad/Graphics, Inc. will post 1.08 earnings per share for the current year.

Quad/Graphics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 5.46%. This is a positive change from Quad/Graphics’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 28th. Quad/Graphics’s payout ratio is -27.52%.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.