ACCO Brands Co. (NYSE:ACCO) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 21.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,092,850 shares of the industrial products company's stock after selling 306,589 shares during the period. AQR Capital Management LLC owned about 1.18% of ACCO Brands worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in ACCO Brands by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,369,804 shares of the industrial products company's stock valued at $33,441,000 after buying an additional 106,256 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in ACCO Brands by 1.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company's stock worth $31,767,000 after purchasing an additional 97,086 shares in the last quarter. Capital Management Corp VA grew its holdings in ACCO Brands by 1.3% in the fourth quarter. Capital Management Corp VA now owns 3,571,860 shares of the industrial products company's stock valued at $18,752,000 after purchasing an additional 45,765 shares during the period. American Century Companies Inc. increased its position in shares of ACCO Brands by 37.4% in the fourth quarter. American Century Companies Inc. now owns 2,067,924 shares of the industrial products company's stock valued at $10,857,000 after buying an additional 562,985 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of ACCO Brands by 3.8% during the 4th quarter. Prudential Financial Inc. now owns 1,199,374 shares of the industrial products company's stock worth $6,297,000 after buying an additional 44,130 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ACCO. Barrington Research cut their price target on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. StockNews.com cut shares of ACCO Brands from a "buy" rating to a "hold" rating in a research note on Tuesday.

ACCO Brands Stock Up 5.2 %

NYSE ACCO opened at $3.74 on Friday. The business has a fifty day moving average price of $4.07 and a 200 day moving average price of $4.94. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The company has a market cap of $336.52 million, a P/E ratio of -3.52, a P/E/G ratio of 0.37 and a beta of 1.36. ACCO Brands Co. has a one year low of $3.41 and a one year high of $6.44.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $318.75 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Research analysts anticipate that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 23rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.30 annualized dividend and a yield of 8.03%. ACCO Brands's payout ratio is -26.55%.

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.

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