Cubist Systematic Strategies LLC reduced its stake in shares of Acco Brands Corporation (NYSE:ACCO) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,656 shares of the industrial products company’s stock after selling 2,818 shares during the period. Cubist Systematic Strategies LLC’s holdings in Acco Brands Corporation were worth $147,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACCO. New York State Teachers Retirement System boosted its position in shares of Acco Brands Corporation by 1.1% in the 1st quarter. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company’s stock worth $124,000 after buying an additional 100 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Acco Brands Corporation by 0.6% in the 2nd quarter. Suntrust Banks Inc. now owns 53,422 shares of the industrial products company’s stock worth $622,000 after buying an additional 313 shares in the last quarter. Amalgamated Bank boosted its position in shares of Acco Brands Corporation by 2.6% in the 2nd quarter. Amalgamated Bank now owns 13,703 shares of the industrial products company’s stock worth $160,000 after buying an additional 349 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Acco Brands Corporation by 4.0% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company’s stock worth $122,000 after buying an additional 400 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Acco Brands Corporation by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 20,397 shares of the industrial products company’s stock worth $238,000 after buying an additional 845 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.

Several brokerages recently weighed in on ACCO. SunTrust Banks, Inc. reissued a “hold” rating and issued a $13.00 target price on shares of Acco Brands Corporation in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, October 31st. BidaskClub raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Finally, ValuEngine raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $15.33.

Acco Brands Corporation (NYSE:ACCO) opened at $13.05 on Tuesday. Acco Brands Corporation has a one year low of $10.35 and a one year high of $14.75. The firm has a market cap of $1,369.18, a PE ratio of 12.60, a P/E/G ratio of 1.12 and a beta of 1.52. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 1.39.

Acco Brands Corporation (NYSE:ACCO) last announced its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Acco Brands Corporation had a net margin of 3.51% and a return on equity of 15.99%. The firm had revenue of $532.20 million during the quarter, compared to the consensus estimate of $529.65 million. During the same quarter in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. equities analysts expect that Acco Brands Corporation will post 1.15 earnings per share for the current fiscal year.

In other news, insider Gregory J. Mccormack sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $10.95, for a total transaction of $273,750.00. Following the completion of the transaction, the insider now owns 63,889 shares of the company’s stock, valued at approximately $699,584.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.50% of the company’s stock.

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

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