EP Wealth Advisors LLC Invests $61,000 in ACCO Brands Co. (NYSE:ACCO)

EP Wealth Advisors LLC bought a new position in ACCO Brands Co. (NYSE:ACCO) during the third quarter, according to its most recent filing with the SEC. The firm bought 11,230 shares of the industrial products company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of ACCO Brands by 4.7% during 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 during the last quarter. Wellington Management Group LLP lifted its position in ACCO Brands by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company’s stock valued at $26,129,000 after acquiring an additional 81,990 shares in the last quarter. Capital Management Corp VA boosted its stake in ACCO Brands by 14.3% during the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock valued at $19,288,000 after purchasing an additional 439,810 shares during the last quarter. AQR Capital Management LLC boosted its stake in ACCO Brands by 34.6% during the 2nd 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ACCO Brands by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company’s stock worth $6,109,000 after purchasing an additional 76,840 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Performance

Shares of ACCO opened at $5.89 on Monday. The stock has a 50 day moving average of $5.62 and a 200 day moving average of $5.23. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a 12 month low of $4.36 and a 12 month high of $6.62. The company has a market capitalization of $547.06 million, a price-to-earnings ratio of -3.12, a PEG ratio of 0.48 and a beta of 1.67.

ACCO Brands (NYSE:ACCO) last released its earnings results 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 analysts’ expectations of $418.20 million. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. As a group, sell-side analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Friday, November 15th. ACCO Brands’s dividend payout ratio is currently -15.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACCO. StockNews.com raised ACCO Brands from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barrington Research increased their target price on shares of ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a report on Friday, November 22nd.

ACCO Brands 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.