Connor Clark & Lunn Investment Management Ltd. cut its position in shares of ACCO Brands Co. (NYSE:ACCO) by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,392 shares of the industrial products company’s stock after selling 48,325 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of ACCO Brands worth $1,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its holdings in ACCO Brands by 45.8% in the fourth quarter. Royce & Associates LP now owns 4,635 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,457 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in ACCO Brands by 23.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 13,338 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 2,507 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in ACCO Brands by 17.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,468 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 2,032 shares in the last quarter. Bessemer Group Inc. bought a new stake in ACCO Brands in the third quarter worth $119,000. Finally, Verition Fund Management LLC bought a new stake in ACCO Brands in the third quarter worth $152,000. Institutional investors own 90.81% of the company’s stock.

ACCO stock opened at $8.90 on Friday. ACCO Brands Co. has a 1-year low of $6.07 and a 1-year high of $14.63. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.47 and a quick ratio of 0.90. The firm has a market capitalization of $904.11 million, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.79 and a beta of 1.84.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). ACCO Brands had a return on equity of 16.00% and a net margin of 5.50%. The business had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $553.42 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, research analysts anticipate that ACCO Brands Co. will post 1.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Friday, March 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, March 14th. ACCO Brands’s dividend payout ratio is currently 21.05%.

ACCO has been the topic of several analyst reports. Zacks Investment Research raised ACCO Brands from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Barrington Research reissued a “buy” rating and issued a $13.00 target price on shares of ACCO Brands in a report on Tuesday, February 12th. Finally, ValuEngine raised ACCO Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.75.

TRADEMARK VIOLATION WARNING: This story was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2019/03/17/connor-clark-lunn-investment-management-ltd-reduces-position-in-acco-brands-co-acco.html.

About ACCO Brands

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, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

Featured Story: What is Put Option Volume?

Want to see what other hedge funds are holding ACCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACCO Brands Co. (NYSE:ACCO).

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

Receive News & Ratings for ACCO Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACCO Brands and related companies with MarketBeat.com's FREE daily email newsletter.