Acco Brands Corporation (NYSE:ACCO) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other research analysts also recently commented on ACCO. ValuEngine raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, August 3rd. Finally, BWS Financial reaffirmed a “buy” rating and issued a $18.00 price target on shares of Acco Brands Corporation in a report on Tuesday, July 4th.

Acco Brands Corporation (ACCO) traded up 0.87% during midday trading on Monday, hitting $11.60. The stock had a trading volume of 485,754 shares. The stock’s 50-day moving average is $11.01 and its 200-day moving average is $12.07. The company has a market capitalization of $1.26 billion, a PE ratio of 23.11 and a beta of 1.37. Acco Brands Corporation has a 1-year low of $9.06 and a 1-year high of $14.75.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $497.17 million. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts forecast that Acco Brands Corporation will post $1.10 EPS for the current year.

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In other Acco Brands Corporation news, insider Gregory J. Mccormack sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $10.95, for a total value of $273,750.00. Following the completion of the sale, the insider now owns 63,889 shares of the company’s stock, valued at $699,584.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Neal V. Fenwick acquired 12,313 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $10.60 per share, with a total value of $130,517.80. Following the purchase, the vice president now owns 423,311 shares of the company’s stock, valued at $4,487,096.60. The disclosure for this purchase can be found here. 4.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in Acco Brands Corporation by 8.3% in the first quarter. Victory Capital Management Inc. now owns 8,125 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 625 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Acco Brands Corporation by 12.0% in 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. Benjamin F. Edwards & Company Inc. lifted its stake in Acco Brands Corporation by 24.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,461 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 2,026 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in Acco Brands Corporation by 4.0% in 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. Finally, New York State Teachers Retirement System lifted its stake in Acco Brands Corporation by 1.1% in the first quarter. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 100 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Acco Brands Corporation 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.

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