ACCO Brands Co. (ACCO) SVP Pamela R. Schneider Sells 43,281 Shares

ACCO Brands Co. (NYSE:ACCO) SVP Pamela R. Schneider sold 43,281 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $13.53, for a total value of $585,591.93. Following the transaction, the senior vice president now directly owns 42,608 shares of the company’s stock, valued at $576,486.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ACCO Brands Co. (ACCO) traded down $0.10 during trading hours on Tuesday, hitting $13.15. The stock had a trading volume of 278,645 shares, compared to its average volume of 589,456. ACCO Brands Co. has a one year low of $10.35 and a one year high of $14.75. The firm has a market cap of $1,415.21, a P/E ratio of 10.96, a PEG ratio of 0.98 and a beta of 1.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.54 and a quick ratio of 1.07.

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ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $563.27 million. ACCO Brands had a return on equity of 17.97% and a net margin of 6.76%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. research analysts expect that ACCO Brands Co. will post 1.35 earnings per share for the current fiscal year.

The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. ACCO Brands’s payout ratio is currently 20.00%.

ACCO Brands announced that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, January 3rd. ValuEngine raised ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $15.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACCO. Xact Kapitalforvaltning AB acquired a new position in ACCO Brands during the fourth quarter worth $189,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in ACCO Brands during the fourth quarter worth $1,903,000. MetLife Investment Advisors LLC acquired a new position in ACCO Brands during the fourth quarter worth $534,000. Gotham Asset Management LLC acquired a new position in ACCO Brands during the fourth quarter worth $552,000. Finally, Jane Street Group LLC acquired a new position in ACCO Brands during the fourth quarter worth $212,000. Institutional investors own 94.93% of the company’s stock.

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ACCO Brands Company Profile

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.

Insider Buying and Selling by Quarter for ACCO Brands (NYSE:ACCO)

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