ACCO Brands (NYSE:ACCO) Downgraded by StockNews.com

StockNews.com downgraded shares of ACCO Brands (NYSE:ACCO) from a buy rating to a hold rating in a report issued on Monday.

Separately, Barrington Research reissued an outperform rating and issued a $7.50 price target on shares of ACCO Brands in a report on Thursday, February 29th.

ACCO Brands Stock Up 2.2 %

ACCO Brands stock opened at $5.02 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.58. The stock has a market cap of $480.11 million, a PE ratio of -18.59, a price-to-earnings-growth ratio of 0.38 and a beta of 1.66. ACCO Brands has a fifty-two week low of $4.64 and a fifty-two week high of $6.62. The firm’s 50-day simple moving average is $5.22 and its 200 day simple moving average is $5.55.

ACCO Brands (NYSE:ACCO) last released its earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $358.90 million during the quarter, compared to analyst estimates of $371.80 million. ACCO Brands had a positive return on equity of 12.19% and a negative net margin of 1.36%. ACCO Brands’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Research analysts predict that ACCO Brands will post 1.07 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Thursday, May 16th. ACCO Brands’s payout ratio is -111.11%.

Insider Activity at ACCO Brands

In other news, SVP Angela Y. Jones sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total value of $74,400.00. Following the transaction, the senior vice president now owns 18,621 shares of the company’s stock, valued at $92,360.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. DMC Group LLC boosted its holdings in shares of ACCO Brands by 14.0% in the 3rd quarter. DMC Group LLC now owns 17,817 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 2,184 shares in the last quarter. WINTON GROUP Ltd boosted its stake in ACCO Brands by 15.1% in the third quarter. WINTON GROUP Ltd now owns 17,172 shares of the industrial products company’s stock worth $99,000 after buying an additional 2,255 shares in the last quarter. Exchange Traded Concepts LLC grew its position in ACCO Brands by 3.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 69,312 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 2,424 shares during the last quarter. AXQ Capital LP raised its stake in shares of ACCO Brands by 34.8% during the third quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 4,332 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of ACCO Brands by 5.4% in the 3rd quarter. Strs Ohio now owns 111,200 shares of the industrial products company’s stock worth $638,000 after acquiring an additional 5,700 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

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.