BidaskClub downgraded shares of Acco Brands Corporation (NYSE:ACCO) from a sell rating to a strong sell rating in a research note released on Friday morning.

Other research analysts have also recently issued reports about the company. ValuEngine cut Acco Brands Corporation from a buy rating to a hold rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Acco Brands Corporation from a strong-buy rating to a hold rating in a research note on Wednesday, July 19th. Finally, BWS Financial reissued a buy rating and set a $18.00 target price on shares of Acco Brands Corporation in a research note on Thursday, April 6th.

Shares of Acco Brands Corporation (ACCO) opened at 11.65 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 13.66 and a beta of 1.30. The stock’s 50 day moving average price is $11.70 and its 200 day moving average price is $12.58. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75.

Acco Brands Corporation (NYSE:ACCO) last posted its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.06. Acco Brands Corporation had a return on equity of 13.98% and a net margin of 5.75%. The firm had revenue of $359.80 million for the quarter, compared to analysts’ expectations of $342.56 million. During the same period in the previous year, the firm earned ($0.01) EPS. The business’s quarterly revenue was up 29.4% on a year-over-year basis. On average, analysts forecast that Acco Brands Corporation will post $1.08 EPS for the current year.

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In related news, SVP Kathy D. Schnaedter sold 68,653 shares of Acco Brands Corporation stock in a transaction that occurred on Wednesday, June 7th. The stock was 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 of the company’s stock, valued at approximately $773,055.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of ACCO. JPMorgan Chase & Co. increased its stake in shares of Acco Brands Corporation by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 7,036,464 shares of the industrial products company’s stock valued at $92,530,000 after buying an additional 75,844 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Acco Brands Corporation by 45.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,435 shares of the industrial products company’s stock valued at $111,000 after buying an additional 2,617 shares during the period. Prudential Financial Inc. increased its stake in shares of Acco Brands Corporation by 1.6% in the first quarter. Prudential Financial Inc. now owns 700,016 shares of the industrial products company’s stock valued at $9,205,000 after buying an additional 10,800 shares during the period. Vanguard Group Inc. increased its stake in shares of Acco Brands Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 9,666,145 shares of the industrial products company’s stock valued at $127,109,000 after buying an additional 174,498 shares during the period. Finally, 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 period. 91.43% of the stock is currently owned by institutional investors.

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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