Trexquant Investment LP Acquires 256,863 Shares of ACCO Brands Co. (NYSE:ACCO)

Trexquant Investment LP grew its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 177.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,248 shares of the industrial products company's stock after buying an additional 256,863 shares during the quarter. Trexquant Investment LP owned 0.43% of ACCO Brands worth $2,107,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of ACCO Brands by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,369,804 shares of the industrial products company's stock valued at $33,441,000 after purchasing an additional 106,256 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in ACCO Brands by 1.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company's stock worth $31,767,000 after buying an additional 97,086 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of ACCO Brands by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company's stock worth $26,129,000 after purchasing an additional 81,990 shares during the last quarter. Capital Management Corp VA increased its stake in shares of ACCO Brands by 1.3% during the fourth quarter. Capital Management Corp VA now owns 3,571,860 shares of the industrial products company's stock worth $18,752,000 after purchasing an additional 45,765 shares during the period. Finally, Geode Capital Management LLC raised its stake in ACCO Brands by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company's stock worth $11,855,000 after purchasing an additional 53,490 shares in the last quarter. Institutional investors own 84.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ACCO. StockNews.com raised ACCO Brands from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Barrington Research cut their price target on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th.

ACCO Brands Trading Up 1.0 %

NYSE ACCO traded up $0.04 on Monday, reaching $3.69. The company had a trading volume of 35,968 shares, compared to its average volume of 678,231. The business has a 50 day moving average of $4.55 and a two-hundred day moving average of $5.14. ACCO Brands Co. has a fifty-two week low of $3.47 and a fifty-two week high of $6.44. The firm has a market cap of $332.01 million, a price-to-earnings ratio of -3.48, a P/E/G ratio of 0.37 and a beta of 1.60. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The firm had revenue of $448.10 million during the quarter, compared to analyst estimates of $455.06 million. Analysts forecast that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date of this dividend was Friday, March 14th. ACCO Brands's payout ratio is -28.30%.

ACCO Brands 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.