ACCO Brands (NYSE:ACCO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $15.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 20.48% from the company’s previous close.

According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “

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Separately, ValuEngine raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, March 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.33.

ACCO stock opened at $12.45 on Wednesday. ACCO Brands has a 52-week low of $10.35 and a 52-week high of $14.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.54. The stock has a market cap of $1,399.24, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share (EPS) 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 period last year, the firm posted $0.32 EPS. ACCO Brands’s revenue for the quarter was up 29.5% on a year-over-year basis. equities analysts anticipate that ACCO Brands will post 1.35 earnings per share for the current fiscal year.

ACCO Brands announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, CAO Kathy D. Schnaedter sold 8,178 shares of ACCO Brands stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $13.05, for a total value of $106,722.90. Following the sale, the chief accounting officer now owns 72,299 shares of the company’s stock, valued at $943,501.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas W. Tedford sold 241,266 shares of ACCO Brands stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $13.36, for a total transaction of $3,223,313.76. Following the completion of the sale, the vice president now directly owns 190,500 shares in the company, valued at approximately $2,545,080. The disclosure for this sale can be found here. In the last ninety days, insiders sold 451,058 shares of company stock worth $6,058,908. Insiders own 4.50% of the company’s stock.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP boosted its holdings in shares of ACCO Brands by 81.7% in the third quarter. GSA Capital Partners LLP now owns 76,335 shares of the industrial products company’s stock valued at $908,000 after acquiring an additional 34,321 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of ACCO Brands by 16.6% in the third quarter. Russell Investments Group Ltd. now owns 1,268,126 shares of the industrial products company’s stock valued at $15,089,000 after acquiring an additional 180,698 shares in the last quarter. Boston Partners boosted its holdings in shares of ACCO Brands by 61.3% in the fourth quarter. Boston Partners now owns 3,088,854 shares of the industrial products company’s stock valued at $37,684,000 after acquiring an additional 1,174,067 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of ACCO Brands by 3.6% in the third quarter. Nordea Investment Management AB now owns 758,702 shares of the industrial products company’s stock valued at $9,029,000 after acquiring an additional 26,421 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of ACCO Brands by 8.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,075,811 shares of the industrial products company’s stock valued at $12,803,000 after acquiring an additional 82,306 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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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.

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