Insider Selling: ACCO Brands Co. (ACCO) CAO Sells 8,178 Shares of Stock

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.

ACCO Brands declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.

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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.

Insider Buying and Selling by Quarter for ACCO Brands (NYSE:ACCO)

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