LSV Asset Management Increases Holdings in ACCO Brands Co. (ACCO)
LSV Asset Management raised its position in shares of ACCO Brands Co. (NYSE:ACCO) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,545,904 shares of the industrial products company’s stock after purchasing an additional 23,000 shares during the period. LSV Asset Management’s holdings in ACCO Brands were worth $55,460,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in ACCO Brands by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 4,002 shares during the period. Ameritas Investment Partners Inc. grew its holdings in ACCO Brands by 12.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,496 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 1,014 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in ACCO Brands during the third quarter valued at $120,000. Hotchkis & Wiley Capital Management LLC bought a new position in ACCO Brands during the third quarter valued at $136,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in ACCO Brands by 92.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,390 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 5,938 shares during the period. 91.34% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, January 3rd. SunTrust Banks restated a “hold” rating and set a $13.00 target price on shares of ACCO Brands in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.00.
ACCO Brands 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.
Want to see what other hedge funds are holding ACCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACCO Brands Co. (NYSE:ACCO).
Receive News & Ratings for ACCO Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACCO Brands and related companies with MarketBeat.com's FREE daily email newsletter.