Robeco Institutional Asset Management B.V. Acquires 331,537 Shares of ACCO Brands Co. (NYSE:ACCO)

Robeco Institutional Asset Management B.V. lifted its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 135.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 577,039 shares of the industrial products company's stock after acquiring an additional 331,537 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.62% of ACCO Brands worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC grew its stake in ACCO Brands by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company's stock valued at $11,855,000 after purchasing an additional 53,490 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of ACCO Brands by 15.7% during the 3rd quarter. Foundry Partners LLC now owns 765,851 shares of the industrial products company's stock valued at $4,189,000 after buying an additional 104,160 shares during the last quarter. Barclays PLC grew its stake in shares of ACCO Brands by 285.3% in the 3rd quarter. Barclays PLC now owns 148,302 shares of the industrial products company's stock valued at $810,000 after buying an additional 109,813 shares in the last quarter. Capital Management Corp VA increased its holdings in ACCO Brands by 14.3% in the third quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company's stock worth $19,288,000 after buying an additional 439,810 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in ACCO Brands by 21.0% during the third quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company's stock valued at $394,000 after acquiring an additional 12,508 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

ACCO Brands Stock Down 0.7 %

Shares of NYSE ACCO traded down $0.04 during mid-day trading on Thursday, reaching $5.11. 433,117 shares of the company traded hands, compared to its average volume of 579,122. The company's fifty day moving average is $5.44 and its two-hundred day moving average is $5.35. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. ACCO Brands Co. has a fifty-two week low of $4.36 and a fifty-two week high of $6.62. The stock has a market cap of $474.16 million, a PE ratio of -2.70, a price-to-earnings-growth ratio of 0.39 and a beta of 1.68.

Wall Street Analysts Forecast Growth

Several analysts have commented on ACCO shares. StockNews.com downgraded shares of ACCO Brands from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Barrington Research upped their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an "outperform" rating in a report on Friday, November 22nd.

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.