Dimensional Fund Advisors LP grew its position in ACCO Brands Co. (NYSE:ACCO) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,206,260 shares of the industrial products company’s stock after buying an additional 12,899 shares during the period. Dimensional Fund Advisors LP owned approximately 8.64% of ACCO Brands worth $109,556,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its holdings in ACCO Brands by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock worth $100,000 after buying an additional 4,002 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of ACCO Brands by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,558 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 1,433 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of ACCO Brands by 12.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,496 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 1,014 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of ACCO Brands during the third quarter valued at approximately $120,000. Finally, Virginia Retirement Systems ET AL raised its holdings in shares of ACCO Brands by 4.0% during the second quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 400 shares during the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on ACCO shares. BidaskClub raised shares of ACCO Brands from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research raised shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, October 3rd. Finally, SunTrust Banks reissued a “hold” rating and set a $13.00 price objective on shares of ACCO Brands in a report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.33.
ACCO Brands (NYSE:ACCO) last announced its earnings results on Monday, October 30th. The industrial products company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The business had revenue of $532.20 million during the quarter, compared to analysts’ expectations of $529.65 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. analysts anticipate that ACCO Brands Co. will post 1.15 EPS for the current fiscal year.
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ACCO Brands Profile
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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