Acco Brands Corp. (ACCO) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its position in shares of Acco Brands Corp. (NYSE:ACCO) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,072,739 shares of the company’s stock after buying an additional 726,544 shares during the period. Dimensional Fund Advisors LP owned approximately 8.46% of Acco Brands Corp. worth $93,719,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System increased its position in Acco Brands Corp. by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 123,667 shares of the company’s stock worth $1,277,000 after buying an additional 743 shares during the period. Suntrust Banks Inc. increased its position in Acco Brands Corp. by 1.9% in the second quarter. Suntrust Banks Inc. now owns 53,404 shares of the company’s stock worth $551,000 after buying an additional 971 shares during the period. Teacher Retirement System of Texas increased its position in Acco Brands Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 14,875 shares of the company’s stock worth $154,000 after buying an additional 1,802 shares during the period. ClariVest Asset Management LLC increased its position in Acco Brands Corp. by 0.6% in the second quarter. ClariVest Asset Management LLC now owns 364,226 shares of the company’s stock worth $3,762,000 after buying an additional 2,148 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Acco Brands Corp. by 11.0% in the second quarter. Janney Montgomery Scott LLC now owns 27,418 shares of the company’s stock worth $195,000 after buying an additional 2,716 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.
Acco Brands Corp. (NYSE:ACCO) traded up 0.10% on Thursday, hitting $9.77. The company’s stock had a trading volume of 134,139 shares. The firm has a 50 day moving average of $10.02 and a 200 day moving average of $9.76. Acco Brands Corp. has a 12 month low of $5.47 and a 12 month high of $11.75. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.09 and a beta of 2.14.
Acco Brands Corp. (NYSE:ACCO) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $410.10 million for the quarter, compared to analyst estimates of $390.75 million. Acco Brands Corp. had a net margin of 8.63% and a return on equity of 14.64%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. Equities research analysts forecast that Acco Brands Corp. will post $0.83 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded Acco Brands Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
About Acco Brands Corp.
ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products, and also computer and electronic accessories. It sells its products to consumers and commercial end users through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers.
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