Parametric Portfolio Associates LLC cut its stake in shares of Quad Graphics, Inc (NYSE:QUAD) by 21.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 202,621 shares of the business services provider’s stock after selling 53,951 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.53% of Quad Graphics worth $4,644,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in QUAD. Meeder Asset Management Inc. grew its position in shares of Quad Graphics by 403.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,695 shares of the business services provider’s stock worth $107,000 after buying an additional 3,762 shares during the period. Pacad Investment Ltd. grew its position in shares of Quad Graphics by 160.0% in the 2nd quarter. Pacad Investment Ltd. now owns 5,200 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 3,200 shares during the period. Creative Planning boosted its position in Quad Graphics by 17.5% during the 2nd quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock worth $154,000 after acquiring an additional 1,000 shares during the last quarter. Legal & General Group Plc boosted its position 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 worth $180,000 after acquiring an additional 809 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Quad Graphics by 639.5% during the 2nd quarter. Quantbot Technologies LP now owns 8,527 shares of the business services provider’s stock worth $195,000 after acquiring an additional 7,374 shares during the last quarter. 51.27% of the stock is owned by institutional investors and hedge funds.
Quad Graphics, Inc (NYSE:QUAD) traded down $0.17 during trading hours on Friday, hitting $22.38. The company had a trading volume of 88,100 shares, compared to its average volume of 266,356. Quad Graphics, Inc has a 12 month low of $18.16 and a 12 month high of $29.04. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.82 and a current ratio of 1.24. The company has a market cap of $1,150.00, a price-to-earnings ratio of 11.56 and a beta of 1.51.
Quad Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Quad Graphics had a return on equity of 21.87% and a net margin of 2.15%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Friday, November 17th. Quad Graphics’s dividend payout ratio is presently 68.97%.
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Several analysts have recently issued reports on the company. TheStreet raised Quad Graphics from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. BidaskClub raised Quad Graphics from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.
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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