Nuveen LLC Makes New Investment in Quad Graphics, Inc $QUAD

Key Points

• Nuveen LLC has acquired 131,030 shares of Quad Graphics, Inc. for approximately $714,000, indicating a reported ownership of about 0.25% of the company.
• Multiple institutional investors, including Price T Rowe Associates and Charles Schwab Investment Management, have increased their positions in Quad Graphics, reflecting growing interest in the company.
• Quad Graphics recently announced a quarterly dividend of $0.075 per share, yielding 4.7%, despite a negative payout ratio of -93.75%.

Nuveen LLC acquired a new position in shares of Quad Graphics, Inc (NYSE:QUAD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,030 shares of the business services provider's stock, valued at approximately $714,000. Nuveen LLC owned 0.25% of Quad Graphics as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Quad Graphics by 4.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,246 shares of the business services provider's stock worth $260,000 after buying an additional 1,629 shares during the period. CWM LLC increased its position in shares of Quad Graphics by 1,730.1% during the first quarter. CWM LLC now owns 5,106 shares of the business services provider's stock worth $28,000 after buying an additional 4,827 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Quad Graphics by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 88,705 shares of the business services provider's stock worth $483,000 after buying an additional 5,000 shares during the period. Barclays PLC boosted its stake in Quad Graphics by 12.4% during the fourth quarter. Barclays PLC now owns 48,064 shares of the business services provider's stock worth $335,000 after acquiring an additional 5,301 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Quad Graphics by 17.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 46,267 shares of the business services provider's stock worth $322,000 after acquiring an additional 6,708 shares in the last quarter. 39.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on QUAD shares. Wall Street Zen lowered shares of Quad Graphics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Rosenblatt Securities cut their target price on shares of Quad Graphics from $8.90 to $8.60 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Finally, Barrington Research reissued an "outperform" rating and set a $10.00 target price on shares of Quad Graphics in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Quad Graphics presently has a consensus rating of "Buy" and a consensus price target of $9.30.

Quad Graphics Stock Down 1.6%

Shares of QUAD stock traded down $0.11 on Tuesday, hitting $6.59. The stock had a trading volume of 30,727 shares, compared to its average volume of 285,283. The business has a 50 day moving average of $6.04 and a 200 day moving average of $5.68. The stock has a market cap of $332.60 million, a price-to-earnings ratio of -20.59 and a beta of 1.44. The company has a debt-to-equity ratio of 4.85, a current ratio of 0.92 and a quick ratio of 0.64. Quad Graphics, Inc has a 12-month low of $4.13 and a 12-month high of $9.13.

Quad Graphics (NYSE:QUAD - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $571.90 million during the quarter, compared to the consensus estimate of $555.05 million. Quad Graphics had a negative net margin of 0.55% and a positive return on equity of 70.06%. As a group, analysts expect that Quad Graphics, Inc will post 1.08 EPS for the current year.

Quad Graphics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.30 annualized dividend and a yield of 4.6%. Quad Graphics's payout ratio is currently -93.75%.

About Quad Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.