Ritholtz Prosperity Administration acquired a new posture in shares of ACCO Brands Co. (NYSE:ACCO – Get Ranking) for the duration of the initial quarter, HoldingsChannel.com studies. The institutional investor acquired 10,000 shares of the industrial products company’s inventory, valued at approximately $80,000.
Other hedge money and other institutional traders also not long ago additional to or minimized their stakes in the firm. Qube Study & Technologies Ltd grew its holdings in shares of ACCO Manufacturers by 200.6% all through the fourth quarter. Qube Exploration & Technologies Ltd now owns 141,444 shares of the industrial products and solutions company’s inventory truly worth $1,168,000 soon after purchasing an more 94,383 shares throughout the last quarter. Assenagon Asset Administration S.A. procured a new position in shares of ACCO Manufacturers for the duration of the fourth quarter really worth about $2,393,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ACCO Brand names by 81.5% for the duration of the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,219 shares of the industrial merchandise company’s stock value $126,000 following shopping for an more 6,833 shares during the final quarter. Alps Advisors Inc. obtained a new situation in shares of ACCO Brands through the fourth quarter value about $155,000. Lastly, Protected Asset Administration LLC boosted its holdings in ACCO Brand names by 11.2% in the 4th quarter. Safe Asset Management LLC now owns 16,690 shares of the industrial merchandise company’s stock valued at $138,000 just after purchasing an more 1,684 shares in the final quarter. 85.00% of the stock is now owned by hedge cash and other institutional buyers.
ACCO stock opened at $6.57 on Thursday. The agency has a 50 working day transferring average of $7.16 and a 200-day going ordinary of $7.84. ACCO Brands Co. has a 12-thirty day period small of $6.41 and a 12-thirty day period superior of $9.76. The corporation has a present-day ratio of 1.68, a quick ratio of .85 and a credit card debt-to-equity ratio of 1.26. The corporation has a marketplace cap of $637.20 million, a value-to-earnings ratio of 5.34 and a beta of 1.90.
ACCO Brands (NYSE:ACCO – Get Ranking) past posted its quarterly earnings success on Tuesday, April 26th. The industrial products and solutions business described $.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $.09 by $.02. ACCO Makes had a web margin of 5.82% and a return on fairness of 16.57%. The business experienced profits of $441.60 million in the course of the quarter, in comparison to the consensus estimate of $420.45 million. For the duration of the similar time period previous yr, the firm attained $.10 EPS. Provide-side analysts forecast that ACCO Models Co. will put up 1.58 earnings per share for the current fiscal 12 months.
The small business also recently declared a quarterly dividend, which was paid out on Wednesday, June 22nd. Stockholders of record on Friday, Might 27th had been given a dividend of $.075 for every share. The ex-dividend date of this dividend was Thursday, May well 26th. This represents a $.30 dividend on an annualized basis and a dividend generate of 4.57%. ACCO Brands’s payout ratio is 24.39%.
A amount of equities research analysts have weighed in on ACCO shares. StockNews.com lowered ACCO Brands from a “buy” ranking to a “hold” score in a report on Friday, April 29th. TheStreet decreased ACCO Brand names from a “b” ranking to a “c+” rating in a report on Wednesday, April 27th.
About ACCO Brand names (Get Score)
ACCO Models Company types, manufactures, and marketplaces client, university, technologies, and business products. It operates by 3 segments: ACCO Manufacturers North The usa, ACCO Brand names EMEA, and ACCO Brands Global. The business presents laptop and gaming equipment, calendars, planners, dry erase boards, school notebooks, and janitorial provides storage and group merchandise, this kind of as lever-arch binders, sheet protectors, and indexes laminating, binding, and shredding equipment writing devices and artwork items stapling and punching products and do-it-you resources.
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