ACCO Brands Co. (NYSE:ACCO) Stock Position Lifted by Capital Management Corp VA

Capital Management Corp VA increased its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 14.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,526,095 shares of the industrial products company's stock after purchasing an additional 439,810 shares during the period. ACCO Brands makes up 3.4% of Capital Management Corp VA's holdings, making the stock its 8th biggest holding. Capital Management Corp VA owned 3.69% of ACCO Brands worth $19,288,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in ACCO Brands by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,023,805 shares of the industrial products company's stock valued at $32,950,000 after buying an additional 272,454 shares in the last quarter. LSV Asset Management boosted its stake in shares of ACCO Brands by 0.7% during the first quarter. LSV Asset Management now owns 3,390,700 shares of the industrial products company's stock valued at $19,022,000 after purchasing an additional 24,900 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of ACCO Brands by 34.6% during the second quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company's stock valued at $7,788,000 after purchasing an additional 426,201 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ACCO Brands by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company's stock valued at $6,109,000 after purchasing an additional 76,840 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of ACCO Brands by 116.1% during the second quarter. Millennium Management LLC now owns 1,173,755 shares of the industrial products company's stock valued at $5,517,000 after purchasing an additional 630,663 shares in the last quarter. Institutional investors own 84.56% of the company's stock.

Insiders Place Their Bets

In other news, SVP Pamela R. Schneider sold 19,166 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the sale, the senior vice president now owns 243,899 shares in the company, valued at $1,334,127.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barrington Research reissued an "outperform" rating and set a $7.00 price target on shares of ACCO Brands in a research note on Wednesday, September 4th. StockNews.com raised ACCO Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 10th.

ACCO Brands Trading Up 4.6 %

Shares of ACCO Brands stock traded up $0.26 during midday trading on Tuesday, reaching $5.82. The company had a trading volume of 1,104,331 shares, compared to its average volume of 624,367. The stock has a fifty day moving average price of $5.24 and a 200 day moving average price of $5.03. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09. The firm has a market cap of $557.07 million, a PE ratio of -3.03, a P/E/G ratio of 0.42 and a beta of 1.63. ACCO Brands Co. has a fifty-two week low of $4.36 and a fifty-two week high of $6.62.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, hitting analysts' consensus estimates of $0.23. The company had revenue of $420.90 million for the quarter, compared to analyst estimates of $418.20 million. ACCO Brands had a positive return on equity of 13.77% and a negative net margin of 10.64%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, equities analysts anticipate that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th will be issued a $0.075 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 5.16%. ACCO Brands's payout ratio is currently -15.87%.

About ACCO Brands

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.