Versor Investments LP Boosts Stake 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 boosted its stake in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 636.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 0.13% of Acco Brands worth $484,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in Acco Brands by 25.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock worth $68,000 after acquiring an additional 3,276 shares during the last quarter. Syon Capital LLC bought a new stake in Acco Brands during the fourth quarter worth approximately $83,000. EP Wealth Advisors LLC increased its stake in Acco Brands by 44.1% during the fourth quarter. EP Wealth Advisors LLC now owns 16,188 shares of the industrial products company's stock worth $85,000 after acquiring an additional 4,958 shares during the last quarter. Quarry LP increased its stake in Acco Brands by 34.1% during the fourth quarter. Quarry LP now owns 22,226 shares of the industrial products company's stock worth $117,000 after acquiring an additional 5,653 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of Acco Brands by 18.4% during the first quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock valued at $126,000 after buying an additional 4,669 shares during the period. 84.56% of the stock is owned by institutional investors.

Acco Brands Trading Down 1.1%

ACCO traded down $0.05 during trading on Tuesday, hitting $3.93. 288,585 shares of the stock were exchanged, compared to its average volume of 605,610. The firm has a 50 day simple moving average of $3.76 and a 200 day simple moving average of $3.99. The firm has a market cap of $353.76 million, a price-to-earnings ratio of 8.35, a P/E/G ratio of 0.46 and a beta of 1.39. Acco Brands Corporation has a 1 year low of $3.32 and a 1 year high of $6.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $394.80 million for the quarter, compared to analysts' expectations 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. As a group, equities analysts expect that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, August 22nd. Acco Brands's dividend payout ratio (DPR) is presently 63.83%.

Wall Street Analysts Forecast Growth

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

About Acco Brands

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.