Nuveen LLC Buys New Holdings 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 bought 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 firm bought 131,030 shares of the business services provider's stock, valued at approximately $714,000. Nuveen LLC owned about 0.25% of Quad Graphics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 5,000 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Quad Graphics by 39.5% during the first quarter. XTX Topco Ltd now owns 77,507 shares of the business services provider's stock worth $422,000 after purchasing an additional 21,932 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Quad Graphics by 468.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 158,714 shares of the business services provider's stock valued at $865,000 after acquiring an additional 130,794 shares in the last quarter. CWM LLC raised its holdings in shares of Quad Graphics by 1,730.1% in the first quarter. CWM LLC now owns 5,106 shares of the business services provider's stock valued at $28,000 after acquiring an additional 4,827 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Quad Graphics in the first quarter valued at about $132,000. 39.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Quad Graphics Stock Down 0.3%

Shares of QUAD stock traded down $0.02 during trading hours on Friday, reaching $6.63. 318,095 shares of the company's stock were exchanged, compared to its average volume of 259,205. Quad Graphics, Inc has a 1 year low of $4.13 and a 1 year high of $9.13. The stock has a market cap of $334.57 million, a PE ratio of -20.72 and a beta of 1.44. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 4.85. The stock's fifty day moving average price is $6.02 and its two-hundred day moving average price is $5.68.

Quad Graphics (NYSE:QUAD - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $571.90 million for the quarter, compared to analyst estimates of $555.05 million. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. Research analysts predict that Quad Graphics, Inc will post 1.08 EPS for the current year.

Quad Graphics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a $0.075 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.30 dividend on an annualized basis and a yield of 4.5%. Quad Graphics's dividend 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.