Teacher Retirement System of Texas Purchases 186,358 Shares of ACCO Brands Co. (NYSE:ACCO)

Teacher Retirement System of Texas increased its holdings in ACCO Brands Co. (NYSE:ACCO) by 130.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 329,656 shares of the industrial products company’s stock after purchasing an additional 186,358 shares during the period. Teacher Retirement System of Texas owned approximately 0.35% of ACCO Brands worth $1,731,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ACCO. FMR LLC increased its holdings in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after buying an additional 3,260 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in ACCO Brands in the third quarter worth about $61,000. Burns Matteson Capital Management LLC bought a new stake in ACCO Brands during the fourth quarter worth approximately $61,000. Y Intercept Hong Kong Ltd purchased a new stake in ACCO Brands during the third quarter valued at approximately $63,000. Finally, Xponance Inc. bought a new stake in shares of ACCO Brands in the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Up 2.5 %

Shares of NYSE:ACCO opened at $4.51 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The business has a 50 day simple moving average of $4.90 and a two-hundred day simple moving average of $5.27. ACCO Brands Co. has a 1 year low of $4.30 and a 1 year high of $6.44. The firm has a market capitalization of $419.08 million, a PE ratio of -4.26, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The business had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. On average, equities analysts predict that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 6.65%. ACCO Brands’s payout ratio is -28.30%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACCO. Barrington Research decreased their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday.

ACCO Brands 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.