American Century Companies Inc. Grows Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

American Century Companies Inc. raised its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,067,924 shares of the industrial products company's stock after acquiring an additional 562,985 shares during the period. American Century Companies Inc. owned approximately 2.23% of ACCO Brands worth $10,857,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ACCO. Intech Investment Management LLC acquired a new position in shares of ACCO Brands in the 3rd quarter valued at about $98,000. FMR LLC lifted its holdings in ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 3,260 shares during the period. HighTower Advisors LLC boosted its position in ACCO Brands by 21.0% in the 3rd quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company's stock worth $394,000 after purchasing an additional 12,508 shares in the last quarter. Quarry LP grew its stake in shares of ACCO Brands by 749.0% during the 3rd quarter. Quarry LP now owns 16,573 shares of the industrial products company's stock worth $91,000 after purchasing an additional 14,621 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of ACCO Brands by 2.7% during the 3rd quarter. Stifel Financial Corp now owns 313,644 shares of the industrial products company's stock valued at $1,716,000 after purchasing an additional 8,153 shares in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACCO. StockNews.com raised shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Barrington Research lowered their target price on shares of 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 Price Performance

Shares of ACCO Brands stock traded down $0.16 on Monday, reaching $3.73. The company's stock had a trading volume of 1,130,752 shares, compared to its average volume of 671,083. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $335.62 million, a P/E ratio of -3.51, a PEG ratio of 0.37 and a beta of 1.60. The stock has a 50-day moving average price of $4.74 and a 200-day moving average price of $5.21. ACCO Brands Co. has a 52-week low of $3.65 and a 52-week high of $6.44.

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

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend was Friday, March 14th. ACCO Brands's payout ratio is -28.30%.

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.