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

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

Other large investors also recently bought and sold shares of the company. Burns Matteson Capital Management LLC acquired a new stake in ACCO Brands in the fourth quarter valued at about $61,000. Xponance Inc. acquired a new position in ACCO Brands during the fourth quarter worth $65,000. Somerset Trust Co raised its holdings in ACCO Brands by 22.1% during the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock worth $79,000 after purchasing an additional 2,724 shares during the last quarter. Versor Investments LP acquired a new position in ACCO Brands during the fourth quarter worth $82,000. Finally, Syon Capital LLC acquired a new position in ACCO Brands during the fourth quarter worth $83,000. Institutional investors and hedge funds own 84.56% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ACCO shares. Barrington Research dropped their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. StockNews.com raised shares of ACCO Brands from a "hold" rating to a "buy" rating in a research note on Wednesday.

ACCO Brands Trading Down 1.9%

ACCO stock traded down $0.08 during midday trading on Wednesday, hitting $3.85. The stock had a trading volume of 271,527 shares, compared to its average volume of 685,334. The firm has a market cap of $346.43 million, a PE ratio of -3.63, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. ACCO Brands Co. has a 12-month low of $3.41 and a 12-month high of $6.44. The company's 50-day moving average price is $4.03 and its 200 day moving average price is $4.92.

ACCO Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The business had revenue of $317.40 million during the quarter, compared to the consensus estimate of $318.75 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. On average, equities research analysts predict that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.30 annualized dividend and a dividend yield of 7.80%. ACCO Brands's dividend payout ratio is presently -26.55%.

ACCO Brands Company 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.