WBI Investments Inc. acquired a new position in Quad/Graphics, Inc. (NYSE:QUAD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,873 shares of the business services provider’s stock, valued at approximately $372,000.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Quad/Graphics by 12.6% in the second quarter. BlackRock Inc. now owns 2,219,875 shares of the business services provider’s stock worth $46,241,000 after purchasing an additional 248,498 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Quad/Graphics by 32.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,632,764 shares of the business services provider’s stock worth $34,010,000 after purchasing an additional 401,371 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Quad/Graphics by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 619,104 shares of the business services provider’s stock worth $12,896,000 after purchasing an additional 87,938 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Quad/Graphics by 6.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 575,542 shares of the business services provider’s stock worth $11,989,000 after purchasing an additional 33,387 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Quad/Graphics by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 514,281 shares of the business services provider’s stock worth $10,713,000 after purchasing an additional 17,758 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on QUAD. Sanford C. Bernstein downgraded Quad/Graphics from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. Buckingham Research lifted their target price on Quad/Graphics from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. ValuEngine downgraded Quad/Graphics from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. TheStreet upgraded Quad/Graphics from a “c” rating to a “b-” rating in a report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Quad/Graphics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a report on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Quad/Graphics currently has an average rating of “Hold” and a consensus target price of $28.50.
NYSE QUAD opened at $17.83 on Monday. The company has a market cap of $921.35 million, a PE ratio of 9.91 and a beta of 1.37. Quad/Graphics, Inc. has a 52 week low of $15.42 and a 52 week high of $31.29. The company has a quick ratio of 0.81, a current ratio of 1.27 and a debt-to-equity ratio of 2.00.
Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Quad/Graphics had a net margin of 2.03% and a return on equity of 18.09%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, equities analysts anticipate that Quad/Graphics, Inc. will post 1.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 6.73%. Quad/Graphics’s dividend payout ratio is 66.67%.
Quad/Graphics announced that its board has approved a stock buyback plan on Tuesday, July 31st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the business services provider to buy up to 9.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Quad/Graphics, Inc provides print and marketing services in the United States, Europe, Latin America, and internationally. It operates through United States Print and Related Services, and International segments. The company offers printing services, including 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 paper procurement services.
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