ACCO Brands Co. (NYSE:ACCO) CAO Kathy D. Schnaedter sold 8,178 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $13.05, for a total transaction of $106,722.90. Following the completion of the transaction, the chief accounting officer now owns 72,299 shares in the company, valued at approximately $943,501.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
ACCO Brands Co. (ACCO) opened at $13.15 on Tuesday. ACCO Brands Co. has a fifty-two week low of $10.35 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.54 and a quick ratio of 1.07. The firm has a market cap of $1,372.64, a P/E ratio of 10.93, a P/E/G ratio of 0.95 and a beta of 1.21.
ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. ACCO Brands had a net margin of 6.76% and a return on equity of 17.97%. The company had revenue of $566.80 million for the quarter, compared to the consensus estimate of $563.27 million. During the same quarter in the prior year, the company earned $0.32 EPS. ACCO Brands’s quarterly revenue was up 29.5% on a year-over-year basis. analysts expect that ACCO Brands Co. will post 1.35 earnings per share for the current year.
The firm also recently declared a Not Available dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 1st will be issued a $0.06 dividend. The ex-dividend date is Wednesday, February 28th. ACCO Brands’s dividend payout ratio (DPR) is presently 20.00%.
A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in ACCO Brands in the 4th quarter worth approximately $189,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in ACCO Brands in the 4th quarter worth approximately $1,903,000. MetLife Investment Advisors LLC purchased a new stake in ACCO Brands in the 4th quarter worth approximately $534,000. Gotham Asset Management LLC purchased a new stake in ACCO Brands in the 4th quarter worth approximately $552,000. Finally, Jane Street Group LLC purchased a new stake in ACCO Brands in the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 94.97% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.33.
ACCO Brands Company 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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