Intech Investment Management LLC Acquires 19,090 Shares of ACCO Brands Co. (NYSE:ACCO)

Intech Investment Management LLC grew its holdings in ACCO Brands Co. (NYSE:ACCO) by 106.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,023 shares of the industrial products company’s stock after acquiring an additional 19,090 shares during the quarter. Intech Investment Management LLC’s holdings in ACCO Brands were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ACCO. Robeco Institutional Asset Management B.V. grew its position in shares of ACCO Brands by 135.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company’s stock valued at $3,029,000 after purchasing an additional 331,537 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of ACCO Brands by 205.2% in the fourth quarter. First Eagle Investment Management LLC now owns 490,525 shares of the industrial products company’s stock valued at $2,575,000 after buying an additional 329,822 shares during the period. Barclays PLC increased its position in shares of ACCO Brands by 285.3% during the third quarter. Barclays PLC now owns 148,302 shares of the industrial products company’s stock worth $810,000 after acquiring an additional 109,813 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of ACCO Brands by 1.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company’s stock worth $31,767,000 after acquiring an additional 97,086 shares during the period. Finally, Wellington Management Group LLP lifted its position in 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 valued at $26,129,000 after acquiring an additional 81,990 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Friday. Barrington Research reduced their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

ACCO Brands Stock Performance

Shares of ACCO stock opened at $4.51 on Friday. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.44. The company’s fifty day simple moving average is $4.90 and its 200-day simple moving average is $5.27. The firm has a market cap of $419.08 million, a PE ratio of -4.26, a P/E/G ratio of 0.37 and a beta of 1.74. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38.

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

ACCO Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.075 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 6.65%. ACCO Brands’s dividend payout ratio is -28.30%.

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.