Cerity Partners LLC Takes Position in ACCO Brands Co. (NYSE:ACCO)

Cerity Partners LLC acquired a new position in shares of ACCO Brands Co. (NYSE:ACCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,639 shares of the industrial products company’s stock, valued at approximately $180,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in ACCO Brands by 77.6% in the third quarter. SG Americas Securities LLC now owns 54,677 shares of the industrial products company’s stock worth $314,000 after buying an additional 23,896 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in ACCO Brands by 18.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 317,276 shares of the industrial products company’s stock worth $1,821,000 after purchasing an additional 49,542 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in ACCO Brands in the third quarter worth $365,000. Bank of New York Mellon Corp boosted its position in ACCO Brands by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 1,251,344 shares of the industrial products company’s stock valued at $7,183,000 after buying an additional 12,919 shares during the period. Finally, Strs Ohio grew its stake in shares of ACCO Brands by 5.4% during the third quarter. Strs Ohio now owns 111,200 shares of the industrial products company’s stock valued at $638,000 after buying an additional 5,700 shares during the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

ACCO Brands Stock Performance

Shares of NYSE:ACCO opened at $4.82 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $5.38 and a 200-day moving average price of $5.57. The company has a market cap of $460.98 million, a price-to-earnings ratio of -20.08, a price-to-earnings-growth ratio of 0.38 and a beta of 1.64. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.62.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Friday, February 23rd. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. ACCO Brands’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS. As a group, equities analysts anticipate that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Thursday, May 16th. ACCO Brands’s payout ratio is currently -125.00%.

Analyst Ratings Changes

Several research firms recently issued reports on ACCO. Barrington Research restated an “outperform” rating and set a $7.50 price target on shares of ACCO Brands in a research report on Thursday, February 29th. StockNews.com cut shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th.

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.