ACCO Brands Co. (NYSE:ACCO) Shares Sold by IndexIQ Advisors LLC

IndexIQ Advisors LLC lessened its stake in ACCO Brands Co. (NYSE:ACCO) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,758 shares of the industrial products company’s stock after selling 30,076 shares during the quarter. IndexIQ Advisors LLC owned 0.10% of ACCO Brands worth $887,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of ACCO Brands in the 3rd quarter valued at about $128,000. Rhumbline Advisers increased its stake in shares of ACCO Brands by 8.0% in the 3rd quarter. Rhumbline Advisers now owns 168,917 shares of the industrial products company’s stock valued at $1,667,000 after purchasing an additional 12,503 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of ACCO Brands by 12.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 920,334 shares of the industrial products company’s stock valued at $9,084,000 after purchasing an additional 101,165 shares in the last quarter. Man Group plc increased its stake in shares of ACCO Brands by 37.9% in the 3rd quarter. Man Group plc now owns 24,688 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 6,782 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of ACCO Brands by 60.7% in the 3rd quarter. Barclays PLC now owns 160,153 shares of the industrial products company’s stock valued at $1,580,000 after purchasing an additional 60,502 shares in the last quarter. 88.72% of the stock is owned by institutional investors and hedge funds.

NYSE:ACCO opened at $9.76 on Friday. ACCO Brands Co. has a 12 month low of $7.25 and a 12 month high of $11.38. The stock has a 50 day moving average of $9.11 and a two-hundred day moving average of $9.39. The company has a current ratio of 1.62, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. The firm has a market cap of $983.45 million, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Tuesday, February 11th. The industrial products company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. ACCO Brands had a return on equity of 15.81% and a net margin of 5.46%. The company had revenue of $537.40 million during the quarter, compared to analyst estimates of $534.55 million. On average, research analysts forecast that ACCO Brands Co. will post 1.27 earnings per share for the current year.

Several equities analysts recently weighed in on ACCO shares. Barrington Research restated a “buy” rating on shares of ACCO Brands in a research note on Tuesday. Zacks Investment Research upgraded ACCO Brands from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. Finally, ValuEngine lowered ACCO Brands from a “sell” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.00.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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