Teacher Retirement System of Texas Sells 152,965 Shares of Acco Brands Corporation (NYSE:ACCO)

Teacher Retirement System of Texas lowered its stake in Acco Brands Corporation (NYSE:ACCO - Free Report) by 46.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.20% of Acco Brands worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ACCO. Diversified Trust Co lifted its position in shares of 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 buying an additional 4,669 shares during the last quarter. Deutsche Bank AG raised its holdings in Acco Brands by 49.8% in the 4th quarter. Deutsche Bank AG now owns 92,644 shares of the industrial products company's stock valued at $486,000 after acquiring an additional 30,803 shares in the last quarter. Jane Street Group LLC grew its holdings 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Acco Brands by 25.6% in 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 purchasing an additional 70,365 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Acco Brands by 39.0% during the fourth quarter. MetLife Investment Management LLC now owns 57,129 shares of the industrial products company's stock worth $300,000 after purchasing an additional 16,039 shares in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barrington Research reduced their price objective on Acco Brands from $7.00 to $6.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Acco Brands from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th.

Acco Brands Price Performance

NYSE:ACCO traded up $0.11 during trading hours on Thursday, hitting $3.79. The company's stock had a trading volume of 231,516 shares, compared to its average volume of 714,694. Acco Brands Corporation has a twelve month low of $3.32 and a twelve month high of $6.44. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.76 and a quick ratio of 1.02. The stock has a fifty day simple moving average of $3.69 and a 200-day simple moving average of $4.27. The company has a market capitalization of $341.03 million, a P/E ratio of -3.34, a PEG ratio of 0.35 and a beta of 1.35.

Acco Brands (NYSE:ACCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $317.40 million during the quarter, compared to analysts' expectations of $318.75 million. On average, analysts anticipate that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.

Acco Brands Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.93%. Acco Brands's dividend payout ratio (DPR) is presently -26.55%.

Acco Brands Company 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.