Acco Brands Corporation $ACCO Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Acco Brands Corporation by 24.0%, purchasing an additional 96,450 shares to reach a total of 497,698 shares valued at approximately $2.1 million.
• Acco Brands announced a quarterly dividend of $0.075 per share, set to be paid on September 10th, highlighting a dividend yield of 7.5%.
• Equities research analysts have shown a positive outlook on Acco Brands, with Zacks upgrading its rating from "strong sell" to "hold" and Barrington Research setting a price target of $6.00.

Trexquant Investment LP grew its stake in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 24.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 497,698 shares of the industrial products company's stock after purchasing an additional 96,450 shares during the quarter. Trexquant Investment LP owned approximately 0.55% of Acco Brands worth $2,085,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACCO. Capital Management Corp VA boosted its stake in shares of Acco Brands by 27.5% during the first quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company's stock valued at $19,076,000 after purchasing an additional 980,910 shares during the period. Millennium Management LLC raised its holdings in shares of Acco Brands by 127.8% in the fourth quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company's stock valued at $8,045,000 after acquiring an additional 859,787 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Acco Brands by 21.7% in the first quarter. American Century Companies Inc. now owns 2,517,282 shares of the industrial products company's stock valued at $10,547,000 after acquiring an additional 449,358 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Acco Brands in the fourth quarter valued at about $1,764,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Acco Brands by 4.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company's stock valued at $27,109,000 after acquiring an additional 257,608 shares in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Acco Brands Stock Down 0.6%

Acco Brands stock traded down $0.03 during trading hours on Wednesday, reaching $3.98. The stock had a trading volume of 455,831 shares, compared to its average volume of 475,066. The company has a market cap of $358.27 million, a price-to-earnings ratio of 8.46, a PEG ratio of 0.47 and a beta of 1.44. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. The business's 50 day moving average price is $3.86 and its 200-day moving average price is $3.90. Acco Brands Corporation has a 52 week low of $3.32 and a 52 week high of $6.43.

Acco Brands (NYSE:ACCO - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The firm had revenue of $394.80 million during the quarter, compared to the consensus estimate of $389.81 million. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Sell-side analysts anticipate that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.30 annualized dividend and a dividend yield of 7.5%. Acco Brands's dividend payout ratio is 63.83%.

Analysts Set New Price Targets

ACCO has been the subject of several recent research reports. Wall Street Zen upgraded Acco Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Zacks Research upgraded Acco Brands from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, Barrington Research restated an "outperform" rating and issued a $6.00 price objective on shares of Acco Brands in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.00.

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.