RR Donnelley & Sons (NYSE:RRD) Trading Up 6.3%

Shares of RR Donnelley & Sons Co (NYSE:RRD) were up 6.3% during mid-day trading on Friday . The company traded as high as $3.40 and last traded at $3.38, approximately 590,300 shares were traded during trading. A decline of 44% from the average daily volume of 1,049,323 shares. The stock had previously closed at $3.18.

Separately, Zacks Investment Research lowered RR Donnelley & Sons from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

The stock has a market capitalization of $248.86 million, a P/E ratio of 4.83 and a beta of 1.68. The stock has a 50 day moving average of $3.99 and a 200-day moving average of $2.85.

RR Donnelley & Sons (NYSE:RRD) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. RR Donnelley & Sons had a negative return on equity of 23.43% and a negative net margin of 0.40%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.25 EPS. RR Donnelley & Sons’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast that RR Donnelley & Sons Co will post 0.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, November 14th. RR Donnelley & Sons’s dividend payout ratio (DPR) is presently 17.14%.

In other news, major shareholder Chatham Asset Management, Llc bought 508,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $2.21 per share, with a total value of $1,122,680.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.07% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC raised its position in RR Donnelley & Sons by 67.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,575,883 shares of the business services provider’s stock valued at $3,104,000 after purchasing an additional 634,169 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in RR Donnelley & Sons by 12.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 789,287 shares of the business services provider’s stock valued at $1,555,000 after purchasing an additional 84,614 shares in the last quarter. SG Americas Securities LLC raised its position in RR Donnelley & Sons by 42.8% during the 2nd quarter. SG Americas Securities LLC now owns 102,760 shares of the business services provider’s stock valued at $202,000 after purchasing an additional 30,820 shares in the last quarter. Meeder Asset Management Inc. raised its position in RR Donnelley & Sons by 59.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 49,447 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 18,492 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in RR Donnelley & Sons during the 2nd quarter valued at $34,000. 84.53% of the stock is owned by institutional investors and hedge funds.

RR Donnelley & Sons Company Profile (NYSE:RRD)

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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