Versor Investments LP Has $484,000 Stock Position in Acco Brands Corporation $ACCO

Key Points

• Versor Investments LP increased its stake in Acco Brands by 636.3%, owning a total of 115,600 shares worth approximately $484,000 after purchasing an additional 99,900 shares in the first quarter.
• Acco Brands announced a quarterly dividend of $0.075 per share, which reflects a 7.7% dividend yield on an annualized basis.
• The company's most recent earnings report showed a net margin of 2.90% with revenue of $394.80 million, surpassing analysts' expectations of $389.81 million.

Versor Investments LP increased its position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 636.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,600 shares of the industrial products company's stock after acquiring an additional 99,900 shares during the quarter. Versor Investments LP owned 0.13% of Acco Brands worth $484,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Acco Brands by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,414,341 shares of the industrial products company's stock valued at $26,876,000 after acquiring an additional 44,537 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Acco Brands by 4.2% during 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 during the period. Capital Management Corp VA raised its holdings 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 acquiring an additional 980,910 shares during the period. LSV Asset Management raised its holdings in shares of Acco Brands by 4.9% during the first quarter. LSV Asset Management now owns 3,243,500 shares of the industrial products company's stock valued at $13,590,000 after acquiring an additional 151,300 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Acco Brands by 21.7% during 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 during the period. Institutional investors and hedge funds own 84.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ACCO shares. Wall Street Zen upgraded shares of Acco Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Barrington Research reissued an "outperform" rating and issued a $6.00 target price on shares of Acco Brands in a research report on Thursday, August 14th. Finally, Zacks Research raised shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.00.

Acco Brands Stock Performance

Shares of NYSE ACCO traded down $0.0250 during trading hours on Monday, hitting $3.9850. 209,478 shares of the stock were exchanged, compared to its average volume of 780,380. 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 company's 50 day moving average is $3.74 and its 200 day moving average is $4.00. The firm has a market capitalization of $359.18 million, a P/E ratio of 8.48, a P/E/G ratio of 0.47 and a beta of 1.39. Acco Brands Corporation has a one year low of $3.32 and a one year high of $6.43.

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

Acco Brands Dividend Announcement

The firm 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, August 22nd. Acco Brands's dividend payout ratio (DPR) is presently 63.83%.

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.