Public Employees Retirement System of Ohio reduced its position in shares of Acco Brands Corporation (NYSE:ACCO) by 0.3% during the first quarter, Holdings Channel reports. The firm owned 233,281 shares of the industrial products company’s stock after selling 661 shares during the period. Public Employees Retirement System of Ohio’s holdings in Acco Brands Corporation were worth $3,068,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Horizon Investment Services LLC raised its position in Acco Brands Corporation by 27.5% in the first quarter. Horizon Investment Services LLC now owns 23,730 shares of the industrial products company’s stock worth $312,000 after buying an additional 5,113 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Acco Brands Corporation by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 74,772 shares of the industrial products company’s stock worth $983,000 after buying an additional 1,333 shares during the period. Gotham Asset Management LLC raised its position in Acco Brands Corporation by 45.3% in the first quarter. Gotham Asset Management LLC now owns 60,950 shares of the industrial products company’s stock worth $801,000 after buying an additional 19,002 shares during the period. Highbridge Capital Management LLC raised its position in Acco Brands Corporation by 79.2% in the first quarter. Highbridge Capital Management LLC now owns 75,601 shares of the industrial products company’s stock worth $994,000 after buying an additional 33,416 shares during the period. Finally, State Street Corp raised its position in Acco Brands Corporation by 5.2% in the first quarter. State Street Corp now owns 2,311,049 shares of the industrial products company’s stock worth $30,392,000 after buying an additional 115,087 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Shares of Acco Brands Corporation (NYSE:ACCO) opened at 11.80 on Monday. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 13.83 and a beta of 1.30. The firm’s 50-day moving average price is $11.54 and its 200-day moving average price is $12.79.

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, topping the 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 company had revenue of $359.80 million during the quarter, compared to analysts’ expectations of $342.56 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. Acco Brands Corporation’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, equities analysts anticipate that Acco Brands Corporation will post $1.08 earnings per share for the current year.

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A number of research firms recently weighed in on ACCO. BWS Financial reiterated a “buy” rating and issued a $18.00 price target on shares of Acco Brands Corporation in a research report on Tuesday, July 4th. BidaskClub upgraded Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. ValuEngine upgraded Acco Brands Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research upgraded Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, May 5th.

In related news, SVP Kathy D. Schnaedter sold 68,653 shares of the 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 completion of the transaction, the senior vice president now directly owns 68,655 shares of the company’s stock, valued at $773,055.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.

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

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