Ritholtz Wealth Administration purchased a new position in shares of ACCO Manufacturers Co. (NYSE:ACCO – Get Rating) through the 1st quarter, HoldingsChannel.com stories. The institutional investor obtained 10,000 shares of the industrial products and solutions company’s stock, valued at about $80,000.
Other hedge cash and other institutional traders also just lately additional to or reduced their stakes in the organization. Qube Study & Technologies Ltd grew its holdings in shares of ACCO Brand names by 200.6% for the duration of the fourth quarter. Qube Exploration & Systems Ltd now owns 141,444 shares of the industrial products and solutions company’s inventory well worth $1,168,000 after getting an extra 94,383 shares for the duration of the past quarter. Assenagon Asset Management S.A. procured a new placement in shares of ACCO Manufacturers for the duration of the fourth quarter worth about $2,393,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ACCO Manufacturers by 81.5% throughout the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,219 shares of the industrial solutions company’s inventory truly worth $126,000 following shopping for an added 6,833 shares throughout the final quarter. Alps Advisors Inc. bought a new placement in shares of ACCO Makes during the fourth quarter worthy of about $155,000. Finally, Protected Asset Administration LLC boosted its holdings in ACCO Brand names by 11.2% in the 4th quarter. Safe Asset Administration LLC now owns 16,690 shares of the industrial products and solutions company’s inventory valued at $138,000 after buying an extra 1,684 shares in the very last quarter. 85.00% of the stock is at the moment owned by hedge money and other institutional traders.
ACCO stock opened at $6.57 on Thursday. The organization has a 50 working day moving regular of $7.16 and a 200-working day going normal of $7.84. ACCO Makes Co. has a 12-thirty day period very low of $6.41 and a 12-month higher of $9.76. The firm has a present-day ratio of 1.68, a speedy ratio of .85 and a personal debt-to-equity ratio of 1.26. The business has a market place cap of $637.20 million, a value-to-earnings ratio of 5.34 and a beta of 1.90.
ACCO Brand names (NYSE:ACCO – Get Score) previous posted its quarterly earnings outcomes on Tuesday, April 26th. The industrial items corporation claimed $.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $.09 by $.02. ACCO Models had a net margin of 5.82% and a return on equity of 16.57%. The organization experienced revenue of $441.60 million for the duration of the quarter, as opposed to the consensus estimate of $420.45 million. Throughout the exact period last year, the firm gained $.10 EPS. Provide-aspect analysts forecast that ACCO Manufacturers Co. will put up 1.58 earnings per share for the present-day fiscal yr.
The small business also a short while ago declared a quarterly dividend, which was paid out on Wednesday, June 22nd. Stockholders of history on Friday, May 27th have been provided a dividend of $.075 for each share. The ex-dividend date of this dividend was Thursday, Might 26th. This signifies a $.30 dividend on an annualized basis and a dividend produce of 4.57%. ACCO Brands’s payout ratio is 24.39%.
A selection of equities study analysts have weighed in on ACCO shares. StockNews.com reduced ACCO Makes from a “buy” rating to a “hold” rating in a report on Friday, April 29th. TheStreet lowered ACCO Brands from a “b” ranking to a “c+” ranking in a report on Wednesday, April 27th.
About ACCO Makes (Get Ranking)
ACCO Models Corporation types, manufactures, and markets client, college, know-how, and office environment solutions. It operates via a few segments: ACCO Brands North America, ACCO Makes EMEA, and ACCO Brand names Worldwide. The organization delivers personal computer and gaming extras, calendars, planners, dry erase boards, faculty notebooks, and janitorial materials storage and organization products, such as lever-arch binders, sheet protectors, and indexes laminating, binding, and shredding equipment creating instruments and artwork products stapling and punching goods and do-it-on your own tools.
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