Ritholtz Wealth Management Purchases 89,505 Shares of Quad Graphics, Inc $QUAD

Ritholtz Wealth Management lifted its position in shares of Quad Graphics, Inc (NYSE:QUAD) by 50.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,064 shares of the business services provider’s stock after buying an additional 89,505 shares during the quarter. Ritholtz Wealth Management owned about 0.51% of Quad Graphics worth $1,765,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QUAD. AQR Capital Management LLC bought a new position in Quad Graphics during the first quarter worth about $2,101,000. Zacks Investment Management acquired a new position in shares of Quad Graphics during the 3rd quarter worth approximately $1,426,000. Segall Bryant & Hamill LLC grew its position in shares of Quad Graphics by 49.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 462,898 shares of the business services provider’s stock worth $2,902,000 after purchasing an additional 153,172 shares in the last quarter. Millennium Management LLC grew its position in shares of Quad Graphics by 103.5% during the 4th quarter. Millennium Management LLC now owns 278,498 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 141,648 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Quad Graphics by 53.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 370,504 shares of the business services provider’s stock worth $2,093,000 after purchasing an additional 128,656 shares during the period. Institutional investors own 39.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Benchmark began coverage on Quad Graphics in a research note on Tuesday, April 7th. They issued a “buy” rating and a $10.00 price target for the company. Wall Street Zen upgraded Quad Graphics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.93.

Quad Graphics Stock Performance

Quad Graphics stock opened at $8.40 on Friday. The stock has a market cap of $433.10 million, a PE ratio of 15.00 and a beta of 1.15. The company has a quick ratio of 0.65, a current ratio of 0.94 and a debt-to-equity ratio of 3.04. The business’s 50-day moving average price is $7.53 and its two-hundred day moving average price is $6.87. Quad Graphics, Inc has a 12-month low of $5.01 and a 12-month high of $8.64.

Quad Graphics (NYSE:QUAD) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Quad Graphics had a net margin of 1.16% and a return on equity of 47.27%. The business had revenue of $581.00 million during the quarter, compared to the consensus estimate of $581.07 million. As a group, analysts expect that Quad Graphics, Inc will post 1.2 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Thursday, May 21st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, May 21st. Quad Graphics’s dividend payout ratio is presently 71.43%.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.