Teacher Retirement System of Texas Decreases Stock Holdings in Acco Brands Corporation (NYSE:ACCO)

Teacher Retirement System of Texas trimmed its position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 46.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 176,691 shares of the industrial products company's stock after selling 152,965 shares during the quarter. Teacher Retirement System of Texas owned about 0.20% of Acco Brands worth $740,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Diversified Trust Co increased its position in Acco Brands by 18.4% in the first quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock worth $126,000 after purchasing an additional 4,669 shares during the last quarter. Deutsche Bank AG grew its holdings in Acco Brands by 49.8% during the 4th quarter. Deutsche Bank AG now owns 92,644 shares of the industrial products company's stock worth $486,000 after acquiring an additional 30,803 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Acco Brands by 4.2% during the 4th quarter. Jane Street Group LLC now owns 388,845 shares of the industrial products company's stock worth $2,041,000 after purchasing an additional 15,508 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Acco Brands by 25.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company's stock valued at $1,814,000 after acquiring an additional 70,365 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Acco Brands by 25.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 3,276 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

Acco Brands Stock Down 1.1%

NYSE:ACCO traded down $0.04 during mid-day trading on Friday, reaching $3.75. The stock had a trading volume of 802,556 shares, compared to its average volume of 717,962. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.76 and a quick ratio of 1.02. Acco Brands Corporation has a 1-year low of $3.32 and a 1-year high of $6.44. The stock's 50 day simple moving average is $3.69 and its two-hundred day simple moving average is $4.25. The company has a market capitalization of $337.87 million, a price-to-earnings ratio of -3.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.35.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Acco Brands had a positive return on equity of 15.48% and a negative net margin of 6.68%. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $318.75 million. Equities analysts anticipate that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend was Friday, May 23rd. Acco Brands's dividend payout ratio (DPR) is presently -26.55%.

Analyst Ratings Changes

Several brokerages recently commented on ACCO. Wall Street Zen upgraded Acco Brands from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Barrington Research cut their price objective on Acco Brands from $7.00 to $6.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd.

Acco Brands 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.