IndexIQ Advisors LLC Raises Position in Quad Graphics, Inc (QUAD)
IndexIQ Advisors LLC raised its position in shares of Quad Graphics, Inc (NYSE:QUAD) by 83.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,340 shares of the business services provider’s stock after purchasing an additional 15,572 shares during the quarter. IndexIQ Advisors LLC owned 0.09% of Quad Graphics worth $776,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Quad Graphics by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,070 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 210 shares in the last quarter. HighTower Advisors LLC increased its stake in Quad Graphics by 4.4% during the 2nd quarter. HighTower Advisors LLC now owns 10,444 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 444 shares in the last quarter. Strs Ohio increased its stake in Quad Graphics by 2.4% during the 2nd quarter. Strs Ohio now owns 34,200 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 800 shares in the last quarter. Legal & General Group Plc increased its stake in Quad Graphics by 11.5% during the 2nd quarter. Legal & General Group Plc now owns 7,852 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 809 shares in the last quarter. Finally, Creative Planning increased its stake in Quad Graphics by 17.5% during the 2nd quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 50.85% of the company’s stock.
Shares of Quad Graphics, Inc (NYSE QUAD) opened at $22.38 on Monday. Quad Graphics, Inc has a 12 month low of $18.16 and a 12 month high of $29.04. The firm has a market cap of $1,160.18, a PE ratio of 11.48 and a beta of 1.51. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.82 and a current ratio of 1.24.
Quad Graphics (NYSE:QUAD) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Quad Graphics had a net margin of 2.15% and a return on equity of 21.87%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.36%. Quad Graphics’s dividend payout ratio is presently 69.36%.
A number of research firms have weighed in on QUAD. TheStreet upgraded shares of Quad Graphics from a “c” rating to a “b-” rating in a research note on Tuesday, October 31st. BidaskClub lowered shares of Quad Graphics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
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About Quad Graphics
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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