Skylands Capital LLC acquired a new position in shares of ACCO Brands Co. (NYSE:ACCO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,800 shares of the industrial products company’s stock, valued at approximately $133,000.
Other large investors also recently made changes to their positions in the company. AJO LP bought a new stake in shares of ACCO Brands in the 1st quarter worth approximately $63,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in ACCO Brands during the first quarter valued at about $71,000. Wedge Capital Management L L P NC bought a new stake in shares of ACCO Brands in the 2nd quarter valued at about $106,000. Amalgamated Bank boosted its holdings in ACCO Brands by 8.1% during the 4th quarter. Amalgamated Bank now owns 15,844 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 1,185 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in ACCO Brands during the 2nd quarter worth approximately $115,000. Institutional investors own 89.91% of the company’s stock.
A number of analysts have recently weighed in on ACCO shares. Zacks Investment Research raised ACCO Brands from a “sell” rating to a “hold” rating in a research note on Monday, July 6th. ValuEngine raised shares of ACCO Brands from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Barrington Research assumed coverage on shares of ACCO Brands in a research note on Tuesday, July 21st. They set a “buy” rating and a $9.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.58.
NYSE:ACCO opened at $6.52 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.79 and a debt-to-equity ratio of 1.48. ACCO Brands Co. has a twelve month low of $3.51 and a twelve month high of $11.38. The stock has a market cap of $651.79 million, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 1.73 and a beta of 2.16. The firm’s fifty day simple moving average is $6.64 and its 200 day simple moving average is $6.94.
ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.11. The company had revenue of $367.00 million during the quarter, compared to the consensus estimate of $351.90 million. ACCO Brands had a net margin of 4.73% and a return on equity of 12.82%. ACCO Brands’s revenue was down 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, analysts expect that ACCO Brands Co. will post 0.57 EPS for the current fiscal year.
ACCO Brands Profile
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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