ACCO Brands (NYSE:ACCO) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of ACCO Brands (NYSE:ACCO) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Separately, Barrington Research decreased their target price on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

ACCO Brands Stock Down 4.5 %

ACCO stock opened at $4.36 on Thursday. The company has a market cap of $404.50 million, a price-to-earnings ratio of -4.11, a PEG ratio of 0.37 and a beta of 1.74. The company has a 50 day moving average of $4.96 and a two-hundred day moving average of $5.29. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. ACCO Brands has a 12-month low of $4.30 and a 12-month high of $6.44.

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

ACCO Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.89%. ACCO Brands’s payout ratio is -28.30%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACCO. FMR LLC raised its stake in shares of ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of ACCO Brands in the third quarter valued at $61,000. Burns Matteson Capital Management LLC acquired a new position in shares of ACCO Brands in the fourth quarter valued at $61,000. Y Intercept Hong Kong Ltd acquired a new position in shares of ACCO Brands in the third quarter valued at $63,000. Finally, Xponance Inc. acquired a new position in shares of ACCO Brands in the fourth quarter valued at $65,000. 84.56% of the stock is currently owned by institutional investors and hedge funds.

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.