Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Boosts Holdings in ACCO Brands Co. (ACCO)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in ACCO Brands Co. (NYSE:ACCO) by 22.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,900 shares of the industrial products company’s stock after purchasing an additional 34,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.18% of ACCO Brands worth $2,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of ACCO Brands by 15.0% during the first quarter. Wells Fargo & Company MN now owns 3,995,400 shares of the industrial products company’s stock worth $50,144,000 after acquiring an additional 520,381 shares during the last quarter. Millennium Management LLC raised its position in shares of ACCO Brands by 16.6% during the first quarter. Millennium Management LLC now owns 2,454,991 shares of the industrial products company’s stock worth $30,810,000 after acquiring an additional 350,240 shares during the last quarter. Northern Trust Corp raised its position in shares of ACCO Brands by 0.3% during the first quarter. Northern Trust Corp now owns 2,379,739 shares of the industrial products company’s stock worth $29,866,000 after acquiring an additional 7,394 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of ACCO Brands by 0.7% during the first quarter. OppenheimerFunds Inc. now owns 2,239,262 shares of the industrial products company’s stock worth $28,102,000 after acquiring an additional 16,410 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of ACCO Brands by 15.6% during the first quarter. Russell Investments Group Ltd. now owns 1,573,507 shares of the industrial products company’s stock worth $19,747,000 after acquiring an additional 212,130 shares during the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.

Shares of ACCO stock opened at $13.50 on Monday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.00 and a beta of 1.29. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 1.19. ACCO Brands Co. has a fifty-two week low of $10.35 and a fifty-two week high of $13.98.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Tuesday, May 1st. The industrial products company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $405.80 million during the quarter, compared to the consensus estimate of $386.94 million. ACCO Brands had a return on equity of 18.22% and a net margin of 6.94%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. research analysts anticipate that ACCO Brands Co. will post 1.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st were issued a $0.06 dividend. The ex-dividend date was Thursday, May 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.78%. ACCO Brands’s payout ratio is currently 20.17%.

In other ACCO Brands news, SVP Joseph S. Pekala sold 20,473 shares of ACCO Brands stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $13.52, for a total value of $276,794.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, June 20th. Barrington Research restated a “buy” rating and set a $16.00 price objective on shares of ACCO Brands in a research report on Thursday, June 14th. ValuEngine upgraded ACCO Brands from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Noble Financial assumed coverage on ACCO Brands in a research report on Wednesday, May 2nd. They set a “buy” rating for the company. Finally, BWS Financial set a $18.00 price objective on ACCO Brands and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $15.50.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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

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