Arrowstreet Capital Limited Partnership Purchases 85,565 Shares of Quad/Graphics, Inc. (NYSE:QUAD)

Arrowstreet Capital Limited Partnership boosted its position in Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,479 shares of the business services provider's stock after buying an additional 85,565 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.49% of Quad/Graphics worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Quad/Graphics by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 669,036 shares of the business services provider's stock worth $3,038,000 after acquiring an additional 15,220 shares during the last quarter. State Street Corp increased its stake in shares of Quad/Graphics by 2.0% in the third quarter. State Street Corp now owns 539,071 shares of the business services provider's stock worth $2,447,000 after purchasing an additional 10,431 shares in the last quarter. Heartland Advisors Inc. bought a new stake in shares of Quad/Graphics in the fourth quarter valued at approximately $2,091,000. Empowered Funds LLC lifted its stake in shares of Quad/Graphics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 293,761 shares of the business services provider's stock valued at $2,048,000 after buying an additional 14,275 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Quad/Graphics by 171.3% in the 4th quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider's stock worth $2,046,000 after buying an additional 185,344 shares during the period. 39.52% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QUAD shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $10.30 price target on shares of Quad/Graphics in a report on Tuesday, February 18th. StockNews.com upgraded Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 2nd. Finally, Barrington Research reiterated an "outperform" rating and set a $10.00 price target on shares of Quad/Graphics in a research report on Friday, February 21st.

Quad/Graphics Stock Performance

Shares of QUAD remained flat at $5.15 during mid-day trading on Tuesday. 134,568 shares of the stock were exchanged, compared to its average volume of 230,196. The firm has a market cap of $269.59 million, a P/E ratio of -4.72 and a beta of 1.52. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13. The business has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $6.45. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35.

Quad/Graphics (NYSE:QUAD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02). Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. The company had revenue of $708.40 million for the quarter, compared to the consensus estimate of $726.70 million. On average, sell-side analysts anticipate that Quad/Graphics, Inc. will post 1.08 EPS for the current year.

Quad/Graphics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.075 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Quad/Graphics's previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 5.83%. Quad/Graphics's dividend payout ratio is -27.52%.

Quad/Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.