LSV Asset Management Sells 182,000 Shares of ACCO Brands Co. (NYSE:ACCO)

LSV Asset Management decreased its position in ACCO Brands Co. (NYSE:ACCO) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,092,200 shares of the industrial products company’s stock after selling 182,000 shares during the period. LSV Asset Management’s holdings in ACCO Brands were worth $16,234,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ACCO. Renaissance Technologies LLC increased its position in shares of ACCO Brands by 12.4% during the 4th quarter. Renaissance Technologies LLC now owns 549,700 shares of the industrial products company’s stock valued at $2,886,000 after purchasing an additional 60,700 shares during the last quarter. Invesco Ltd. grew its position in ACCO Brands by 2.2% during the fourth quarter. Invesco Ltd. now owns 332,881 shares of the industrial products company’s stock valued at $1,748,000 after buying an additional 7,020 shares during the period. Wells Fargo & Company MN increased its holdings in ACCO Brands by 21.1% during the fourth quarter. Wells Fargo & Company MN now owns 74,668 shares of the industrial products company’s stock valued at $392,000 after buying an additional 13,013 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in ACCO Brands in the fourth quarter worth approximately $610,000. Finally, Trexquant Investment LP boosted its stake in shares of ACCO Brands by 177.9% during the 4th quarter. Trexquant Investment LP now owns 401,248 shares of the industrial products company’s stock worth $2,107,000 after acquiring an additional 256,863 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACCO. 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 note on Tuesday, February 25th. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a report on Friday, March 28th.

ACCO Brands Trading Up 0.7 %

ACCO Brands stock opened at $3.66 on Friday. ACCO Brands Co. has a 12-month low of $3.47 and a 12-month high of $6.44. The firm has a market capitalization of $329.31 million, a price-to-earnings ratio of -3.45, a P/E/G ratio of 0.37 and a beta of 1.60. The firm has a 50 day moving average of $4.55 and a 200 day moving average of $5.14. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $448.10 million during 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 predict 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 8.21%. ACCO Brands’s dividend payout ratio is presently -28.30%.

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.