ACCO Brands Co. (NYSE:ACCO) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in ACCO Brands Co. (NYSE:ACCO) by 146.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 148,010 shares of the industrial products company’s stock after purchasing an additional 87,871 shares during the period. Teacher Retirement System of Texas owned 0.16% of ACCO Brands worth $900,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WINTON GROUP Ltd boosted its holdings in shares of ACCO Brands by 15.1% in the third quarter. WINTON GROUP Ltd now owns 17,172 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 2,255 shares during the period. Exchange Traded Concepts LLC boosted its stake in ACCO Brands by 3.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 69,312 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 2,424 shares during the period. DMC Group LLC grew its position in ACCO Brands by 13.8% during the 4th quarter. DMC Group LLC now owns 20,276 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 2,459 shares during the last quarter. AXQ Capital LP increased its stake in ACCO Brands by 34.8% in the third quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 4,332 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of ACCO Brands by 8.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 82,879 shares of the industrial products company’s stock valued at $504,000 after buying an additional 6,738 shares during the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

ACCO Brands Stock Up 0.2 %

Shares of NYSE ACCO opened at $5.03 on Thursday. ACCO Brands Co. has a 12-month low of $4.64 and a 12-month high of $6.62. The company has a market capitalization of $480.87 million, a PE ratio of -18.63, a price-to-earnings-growth ratio of 0.39 and a beta of 1.66. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.69 and a quick ratio of 0.95. The firm’s 50-day moving average is $5.15 and its two-hundred day moving average is $5.56.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. ACCO Brands had a negative net margin of 1.36% and a positive return on equity of 12.42%. The company had revenue of $358.90 million for the quarter, compared to the consensus estimate of $371.80 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities analysts anticipate that ACCO Brands Co. will post 1.07 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Thursday, May 16th. ACCO Brands’s dividend payout ratio (DPR) is presently -111.11%.

Analyst Upgrades and Downgrades

ACCO has been the topic of several recent research reports. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research report on Tuesday. Barrington Research reissued an “outperform” rating and issued a $7.50 target price on shares of ACCO Brands in a report on Thursday, February 29th.

Insider Buying and Selling at ACCO Brands

In other news, SVP Angela Y. Jones sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total value of $74,400.00. Following the completion of the transaction, the senior vice president now owns 18,621 shares of the company’s stock, valued at $92,360.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.30% of the company’s stock.

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.