Versor Investments LP Trims Stake in Acco Brands Corporation $ACCO

Versor Investments LP lowered its position in Acco Brands Corporation (NYSE:ACCO) by 65.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,400 shares of the industrial products company’s stock after selling 75,200 shares during the quarter. Versor Investments LP’s holdings in Acco Brands were worth $145,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Acco Brands by 25.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 3,276 shares in the last quarter. Invesco Ltd. boosted its holdings in Acco Brands by 1.2% during the 1st quarter. Invesco Ltd. now owns 336,908 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,027 shares during the period. Inspire Investing LLC grew its position in Acco Brands by 8.1% during the 1st quarter. Inspire Investing LLC now owns 82,556 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 6,165 shares during the last quarter. EP Wealth Advisors LLC grew its position in Acco Brands by 40.6% during the 1st quarter. EP Wealth Advisors LLC now owns 22,765 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 6,577 shares during the last quarter. Finally, CWM LLC increased its stake in Acco Brands by 38.1% in the 2nd quarter. CWM LLC now owns 30,714 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 8,470 shares during the period. Institutional investors own 84.56% of the company’s stock.

Analysts Set New Price Targets

ACCO has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and set a $6.00 price objective on shares of Acco Brands in a research note on Thursday, August 14th. Wall Street Zen cut shares of Acco Brands from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Acco Brands in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Acco Brands presently has a consensus rating of “Hold” and an average price target of $6.00.

Acco Brands Stock Down 1.0%

Shares of NYSE:ACCO opened at $3.45 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48. The stock has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $3.82. Acco Brands Corporation has a 12-month low of $3.32 and a 12-month high of $6.43. The stock has a market capitalization of $310.52 million, a price-to-earnings ratio of 7.33, a PEG ratio of 0.46 and a beta of 1.40.

Acco Brands (NYSE:ACCO) last posted its quarterly earnings results on Friday, March 15th. The industrial products company reported $0.32 EPS for the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The firm had revenue of $499.40 million for the quarter. On average, research analysts anticipate that Acco Brands Corporation will post 1.02 earnings per share for the current fiscal year.

Acco Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, November 21st. Acco Brands’s dividend payout ratio (DPR) is 71.43%.

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.