ACCO Brands (NYSE:ACCO) Reaches New 12-Month Low – Time to Sell?

ACCO Brands Co. (NYSE:ACCO)’s stock price reached a new 52-week low on Saturday . The stock traded as low as $4.34 and last traded at $4.57, with a volume of 3296018 shares traded. The stock had previously closed at $5.52.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ACCO shares. StockNews.com downgraded shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Barrington Research lifted their target price on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

ACCO Brands Stock Down 17.3 %

The business’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.37. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The stock has a market cap of $424.00 million, a price-to-earnings ratio of -4.31, a PEG ratio of 0.41 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last released 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 during the quarter, compared to analysts’ expectations of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Equities analysts forecast that ACCO Brands Co. will post 1.13 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 6.57%. ACCO Brands’s payout ratio is -28.30%.

Institutional Investors Weigh In On ACCO Brands

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its holdings in ACCO Brands by 127.8% in the 4th quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company’s stock valued at $8,045,000 after purchasing an additional 859,787 shares in the last quarter. American Century Companies Inc. increased its position in ACCO Brands by 37.4% during the 4th quarter. American Century Companies Inc. now owns 2,067,924 shares of the industrial products company’s stock worth $10,857,000 after purchasing an additional 562,985 shares in the last quarter. Capital Management Corp VA increased its position in ACCO Brands by 14.3% during the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock worth $19,288,000 after purchasing an additional 439,810 shares in the last quarter. Alliancebernstein L.P. increased its position in ACCO Brands by 663.4% during the 4th quarter. Alliancebernstein L.P. now owns 410,236 shares of the industrial products company’s stock worth $2,154,000 after purchasing an additional 356,500 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in ACCO Brands by 135.0% in the fourth 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 acquiring an additional 331,537 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

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.