Quad Graphics, Inc (QUAD) Position Held by Globeflex Capital L P
Globeflex Capital L P held its stake in Quad Graphics, Inc (NYSE:QUAD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,005 shares of the business services provider’s stock at the end of the second quarter. Globeflex Capital L P’s holdings in Quad Graphics were worth $252,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of QUAD. Vanguard Group Inc. boosted its position in Quad Graphics by 20.9% during the first quarter. Vanguard Group Inc. now owns 4,748,813 shares of the business services provider’s stock worth $119,860,000 after purchasing an additional 821,439 shares during the period. LSV Asset Management boosted its position in Quad Graphics by 1,035.0% during the second quarter. LSV Asset Management now owns 295,100 shares of the business services provider’s stock worth $6,763,000 after purchasing an additional 269,100 shares during the period. Nuveen Asset Management LLC boosted its position in Quad Graphics by 55.5% during the first quarter. Nuveen Asset Management LLC now owns 578,303 shares of the business services provider’s stock worth $14,596,000 after purchasing an additional 206,484 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Quad Graphics by 50.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 591,055 shares of the business services provider’s stock worth $13,546,000 after purchasing an additional 199,089 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Quad Graphics by 19.0% during the second quarter. Advisors Asset Management Inc. now owns 966,798 shares of the business services provider’s stock worth $22,159,000 after purchasing an additional 154,576 shares during the period. Hedge funds and other institutional investors own 51.66% of the company’s stock.
A number of brokerages have weighed in on QUAD. BidaskClub upgraded shares of Quad Graphics from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet lowered shares of Quad Graphics from a “b-” rating to a “c+” rating in a research report on Friday, August 4th.
In other Quad Graphics news, Director Douglas P. Buth purchased 2,600 shares of Quad Graphics stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $18.74 per share, with a total value of $48,724.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.05% of the stock is owned by corporate insiders.
Quad Graphics, Inc (NYSE:QUAD) opened at 22.61 on Friday. The firm’s 50-day moving average is $19.23 and its 200-day moving average is $22.56. Quad Graphics, Inc has a 12 month low of $18.16 and a 12 month high of $29.04. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.54 and a beta of 1.38.
Quad Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Quad Graphics had a net margin of 1.92% and a return on equity of 22.79%. The firm had revenue of $963.20 million during the quarter, compared to analyst estimates of $985.85 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts anticipate that Quad Graphics, Inc will post $1.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Thursday, August 17th. Quad Graphics’s payout ratio is currently 76.43%.
Quad Graphics Company Profile
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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