Petrus Trust Company LTA Grows Position in ACCO Brands Co. (NYSE:ACCO)

Petrus Trust Company LTA boosted its stake in ACCO Brands Co. (NYSE:ACCO) by 15.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,828 shares of the industrial products company’s stock after purchasing an additional 7,191 shares during the quarter. Petrus Trust Company LTA owned about 0.05% of ACCO Brands worth $416,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. acquired a new stake in ACCO Brands in the second quarter valued at $83,000. BNP Paribas Arbitrage SA raised its stake in shares of ACCO Brands by 159.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,297 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 14,923 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of ACCO Brands by 85.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 26,592 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 12,256 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of ACCO Brands by 183.1% during the 1st quarter. SG Americas Securities LLC now owns 34,673 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 22,426 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in ACCO Brands in the second quarter valued at about $340,000. Hedge funds and other institutional investors own 91.27% of the company’s stock.

Shares of NYSE ACCO traded down $0.21 during midday trading on Wednesday, hitting $9.50. 6,109 shares of the stock traded hands, compared to its average volume of 539,058. The firm has a 50-day moving average of $9.46 and a two-hundred day moving average of $8.56. The firm has a market capitalization of $981.99 million, a P/E ratio of 8.38, a PEG ratio of 1.20 and a beta of 1.84. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.20 and a current ratio of 1.94. ACCO Brands Co. has a one year low of $6.07 and a one year high of $12.15.



ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. ACCO Brands had a return on equity of 16.06% and a net margin of 5.43%. The firm had revenue of $518.70 million during the quarter, compared to analyst estimates of $493.89 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that ACCO Brands Co. will post 1.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, August 22nd. ACCO Brands’s dividend payout ratio is presently 21.05%.

In related news, SVP Gregory J. Mccormack sold 10,872 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $9.55, for a total value of $103,827.60. Following the completion of the transaction, the senior vice president now owns 108,302 shares of the company’s stock, valued at $1,034,284.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ralph Paul Hargrow sold 19,977 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.50, for a total transaction of $189,781.50. Following the completion of the transaction, the senior vice president now directly owns 139,441 shares of the company’s stock, valued at approximately $1,324,689.50. The disclosure for this sale can be found here. Insiders have sold 304,539 shares of company stock valued at $2,876,810 in the last ninety days. Insiders own 4.90% of the company’s stock.

A number of analysts recently commented on ACCO shares. TheStreet upgraded ACCO Brands from a “c+” rating to a “b-” rating in a report on Wednesday, August 21st. Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, August 2nd. Noble Financial reiterated a “buy” rating and set a $14.00 price target on shares of ACCO Brands in a report on Thursday, August 8th. Finally, ValuEngine upgraded ACCO Brands from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. ACCO Brands presently has an average rating of “Buy” and an average target price of $12.00.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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