ACCO Brands (NYSE:ACCO) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of ACCO Brands (NYSE:ACCO) from a buy rating to a hold rating in a research note released on Wednesday morning.

Separately, Barrington Research dropped their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday.

ACCO Brands Price Performance

NYSE:ACCO opened at $4.55 on Wednesday. The firm has a market cap of $422.14 million, a price-to-earnings ratio of -4.29, a price-to-earnings-growth ratio of 0.37 and a beta of 1.68. ACCO Brands has a 12-month low of $4.30 and a 12-month high of $6.43. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The company’s 50-day moving average is $5.18 and its two-hundred day moving average is $5.37.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $448.10 million for the quarter, compared to analyst estimates of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. Research analysts expect that ACCO Brands will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 6.60%. ACCO Brands’s dividend payout ratio is presently -28.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in shares of ACCO Brands by 132.6% in the 4th quarter. Mackenzie Financial Corp now owns 146,331 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 83,428 shares during the period. PharVision Advisers LLC acquired a new stake in ACCO Brands during the 4th quarter worth approximately $438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ACCO Brands by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company’s stock valued at $1,814,000 after buying an additional 70,365 shares during the period. Two Sigma Advisers LP lifted its position in ACCO Brands by 2.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,193,265 shares of the industrial products company’s stock valued at $6,265,000 after buying an additional 30,800 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in ACCO Brands by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 858,229 shares of the industrial products company’s stock worth $4,506,000 after buying an additional 35,067 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Company 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.