Strs Ohio Invests $475,000 in Quad Graphics, Inc $QUAD

Key Points

• Strs Ohio has acquired a new position in Quad Graphics, Inc with a purchase of 87,200 shares worth approximately $475,000, representing 0.17% ownership of the company.
• Analysts have mixed sentiments about Quad Graphics, with Barrington Research maintaining an "outperform" rating and setting a target price of $10.00, while other firms adjusted their ratings lower.
• Quad Graphics recently announced a quarterly dividend of $0.075 per share, resulting in a 4.6% dividend yield despite a negative payout ratio of -93.75%.

Strs Ohio acquired a new position in Quad Graphics, Inc (NYSE:QUAD - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 87,200 shares of the business services provider's stock, valued at approximately $475,000. Strs Ohio owned approximately 0.17% of Quad Graphics at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWM LLC grew its position in shares of Quad Graphics by 1,730.1% during the 1st quarter. CWM LLC now owns 5,106 shares of the business services provider's stock valued at $28,000 after buying an additional 4,827 shares during the last quarter. Algert Global LLC bought a new stake in shares of Quad Graphics during the 1st quarter valued at about $66,000. Ieq Capital LLC bought a new stake in shares of Quad Graphics during the 1st quarter valued at about $92,000. Jones Financial Companies Lllp grew its position in shares of Quad Graphics by 1,135.6% during the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider's stock valued at $103,000 after buying an additional 17,408 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Quad Graphics in the 1st quarter worth about $132,000. Institutional investors and hedge funds own 39.52% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Rosenblatt Securities decreased their target price on shares of Quad Graphics from $8.90 to $8.60 and set a "buy" rating for the company in a research report on Thursday, July 31st. 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. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Quad Graphics in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $9.30.

Quad Graphics Trading Up 1.9%

Shares of NYSE:QUAD traded up $0.13 during mid-day trading on Monday, hitting $6.70. The stock had a trading volume of 113,425 shares, compared to its average volume of 211,204. The company has a debt-to-equity ratio of 4.85, a quick ratio of 0.64 and a current ratio of 0.92. The company has a market cap of $337.90 million, a PE ratio of 6.84 and a beta of 1.44. Quad Graphics, Inc has a 12-month low of $4.47 and a 12-month high of $9.13. The company's 50 day moving average is $6.23 and its 200-day moving average is $5.72.

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

Quad Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, August 18th. Quad Graphics's dividend payout ratio is currently -93.75%.

Quad Graphics Profile

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.