UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.81 Million Holdings in ACCO Brands Co. (NYSE:ACCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in ACCO Brands Co. (NYSE:ACCO - Free Report) by 25.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 345,511 shares of the industrial products company's stock after purchasing an additional 70,365 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of ACCO Brands worth $1,814,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Nebula Research & Development LLC boosted its stake in shares of ACCO Brands by 8.6% during the fourth quarter. Nebula Research & Development LLC now owns 59,572 shares of the industrial products company's stock valued at $313,000 after purchasing an additional 4,732 shares during the period. EP Wealth Advisors LLC lifted its position in shares of ACCO Brands by 44.1% during the 4th quarter. EP Wealth Advisors LLC now owns 16,188 shares of the industrial products company's stock valued at $85,000 after buying an additional 4,958 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of ACCO Brands by 7.1% during the 4th quarter. HighTower Advisors LLC now owns 77,190 shares of the industrial products company's stock valued at $405,000 after buying an additional 5,148 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in ACCO Brands by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 933,820 shares of the industrial products company's stock worth $4,903,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in ACCO Brands by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 127,987 shares of the industrial products company's stock worth $672,000 after purchasing an additional 5,503 shares in the last quarter. Institutional investors own 84.56% of the company's stock.

ACCO Brands Stock Performance

Shares of NYSE ACCO traded down $0.03 during midday trading on Wednesday, reaching $3.77. The company had a trading volume of 706,720 shares, compared to its average volume of 707,339. The stock has a market cap of $339.22 million, a P/E ratio of -3.55, a P/E/G ratio of 0.37 and a beta of 1.37. ACCO Brands Co. has a 1 year low of $3.41 and a 1 year high of $6.44. The business's 50-day simple moving average is $3.71 and its 200 day simple moving average is $4.64. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38.

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, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $317.40 million for the quarter, compared to the consensus estimate of $318.75 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. On average, analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 23rd will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date is Friday, May 23rd. ACCO Brands's dividend payout ratio is currently -26.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ACCO shares. Barrington Research cut their target price on ACCO Brands from $7.00 to $6.00 and set an "outperform" rating on the stock in a research 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 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.