SG Americas Securities LLC acquired a new stake in ACCO Brands Co. (NYSE:ACCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,365 shares of the industrial products company’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. grew its holdings in ACCO Brands by 0.6% during the 2nd quarter. Suntrust Banks Inc. now owns 53,422 shares of the industrial products company’s stock valued at $622,000 after buying an additional 313 shares during the last quarter. Amalgamated Bank grew its holdings in ACCO Brands by 2.6% during the 2nd quarter. Amalgamated Bank now owns 13,703 shares of the industrial products company’s stock valued at $160,000 after buying an additional 349 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of ACCO Brands by 4.0% during the second quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 400 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of ACCO Brands by 4.3% during the second quarter. Principal Financial Group Inc. now owns 20,397 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 845 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of 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 worth $111,000 after purchasing an additional 1,014 shares during the last quarter. 91.19% of the stock is owned by hedge funds and other institutional investors.

ACCO Brands Co. (NYSE:ACCO) opened at $12.65 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.70 and a quick ratio of 1.09. The firm has a market capitalization of $1,326.56, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.09 and a beta of 1.49. ACCO Brands Co. has a 52-week low of $10.35 and a 52-week high of $14.75.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $532.20 million for the quarter, compared to analyst estimates of $529.65 million. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. analysts predict that ACCO Brands Co. will post 1.15 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on ACCO shares. BidaskClub upgraded ACCO Brands from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, SunTrust Banks restated a “hold” rating and set a $13.00 price objective on shares of ACCO Brands in a report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $15.33.

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About ACCO Brands

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.

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

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