BidaskClub upgraded shares of Acco Brands Corporation (NYSE:ACCO) from a strong sell rating to a sell rating in a report published on Tuesday morning.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Acco Brands Corporation from a buy rating to a hold rating in a research report on Wednesday, April 26th. ValuEngine upgraded shares of Acco Brands Corporation from a hold rating to a buy rating in a research report on Thursday, May 18th. Finally, BWS Financial reiterated a buy rating and issued a $18.00 price target on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.

Shares of Acco Brands Corporation (ACCO) traded down 1.35% during mid-day trading on Tuesday, reaching $11.00. The company’s stock had a trading volume of 376,268 shares. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75. The company’s 50-day moving average is $11.62 and its 200 day moving average is $12.53. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 21.91 and a beta of 1.30.

Acco Brands Corporation (NYSE:ACCO) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The business had revenue of $490 million for the quarter, compared to the consensus estimate of $497.17 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that Acco Brands Corporation will post $1.10 EPS for the current year.

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In other news, VP Neal V. Fenwick acquired 12,313 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost of $10.60 per share, for a total transaction of $130,517.80. Following the transaction, the vice president now directly owns 423,311 shares of the company’s stock, valued at $4,487,096.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kathy D. Schnaedter sold 68,653 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total transaction of $773,032.78. Following the sale, the senior vice president now owns 68,655 shares in the company, valued at $773,055.30. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in ACCO. Guggenheim Capital LLC increased its stake in shares of Acco Brands Corporation by 31.7% in the fourth quarter. Guggenheim Capital LLC now owns 13,279 shares of the industrial products company’s stock valued at $173,000 after buying an additional 3,193 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Acco Brands Corporation by 196.3% in the fourth quarter. Teachers Advisors LLC now owns 1,045,492 shares of the industrial products company’s stock valued at $13,644,000 after buying an additional 692,590 shares during the last quarter. Highbridge Capital Management LLC increased its stake in shares of Acco Brands Corporation by 73.9% in the fourth quarter. Highbridge Capital Management LLC now owns 42,185 shares of the industrial products company’s stock valued at $551,000 after buying an additional 17,925 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Acco Brands Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 37,920 shares of the industrial products company’s stock valued at $499,000 after buying an additional 300 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Acco Brands Corporation during the first quarter valued at approximately $358,000. Hedge funds and other institutional investors own 91.39% of the company’s stock.

About Acco Brands Corporation

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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