Readystate Asset Management LP Has $3.94 Million Position in Acco Brands Corporation $ACCO

Key Points

• Readystate Asset Management reduced its Acco Brands stake by 33.1% in the second quarter, selling 468,326 shares and retaining 946,251 shares worth approximately $3.94 million.
• Acco Brands reported quarterly EPS of $0.29, exceeding the $0.27 consensus estimate, while revenue of $415.1 million also surpassed expectations. Analysts maintain an average “Hold” rating with a $6.00 price target.
• The company declared a quarterly dividend of $0.075 per share, equivalent to an annualized $0.30 payout and a 6.8% dividend yield.

Readystate Asset Management LP lowered its holdings in Acco Brands Corporation (NYSE:ACCO - Free Report) by 33.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 946,251 shares of the industrial products company's stock after selling 468,326 shares during the quarter. Readystate Asset Management LP owned 1.03% of Acco Brands worth $3,936,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ACCO. AXQ Capital LP bought a new position in Acco Brands during the second quarter worth about $59,000. Empowered Funds LLC acquired a new stake in Acco Brands during the second quarter valued at approximately $2,290,000. Bank of America Corp DE bought a new stake in shares of Acco Brands in the 2nd quarter valued at approximately $4,291,000. Legal & General Group Plc bought a new stake in shares of Acco Brands in the 2nd quarter valued at approximately $37,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Acco Brands in the 2nd quarter worth approximately $103,000. Institutional investors and hedge funds own 84.56% of the company's stock.

Analyst Upgrades and Downgrades

ACCO has been the subject of several analyst reports. Zacks Research upgraded Acco Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, May 11th. Weiss Ratings upgraded Acco Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 10th. Barrington Research set a $6.00 price objective on Acco Brands in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Acco Brands from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.00.

Acco Brands Stock Performance

ACCO opened at $4.42 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $408.01 million, a PE ratio of 7.13, a PEG ratio of 0.83 and a beta of 1.21. Acco Brands Corporation has a 1-year low of $2.81 and a 1-year high of $4.56. The firm has a 50-day moving average price of $4.20 and a two-hundred day moving average price of $3.82.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. The business had revenue of $415.10 million for the quarter, compared to analysts' expectations of $402.53 million. Acco Brands has set its Q3 2026 guidance at 0.170-0.210 EPS and its FY 2026 guidance at 0.870-0.910 EPS. As a group, equities analysts anticipate that Acco Brands Corporation will post 0.88 earnings per share for the current fiscal year.

Acco Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, August 21st. Acco Brands's dividend payout ratio (DPR) is 48.39%.

Acco Brands Profile

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company's portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.

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