Kennedy Capital Management Inc. trimmed its stake in RR Donnelley & Sons Co (NYSE:RRD) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,843 shares of the business services provider’s stock after selling 268,805 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.50% of RR Donnelley & Sons worth $3,263,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of RR Donnelley & Sons by 24.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,177,746 shares of the business services provider’s stock worth $12,131,000 after acquiring an additional 232,722 shares during the period. American Century Companies Inc. bought a new position in shares of RR Donnelley & Sons during the 4th quarter worth approximately $2,223,000. SG Americas Securities LLC boosted its stake in shares of RR Donnelley & Sons by 112.0% during the 3rd quarter. SG Americas Securities LLC now owns 90,538 shares of the business services provider’s stock worth $933,000 after acquiring an additional 47,839 shares during the period. Legal & General Group Plc boosted its stake in shares of RR Donnelley & Sons by 14.3% during the 3rd quarter. Legal & General Group Plc now owns 230,930 shares of the business services provider’s stock worth $2,376,000 after acquiring an additional 28,806 shares during the period. Finally, LSV Asset Management boosted its stake in shares of RR Donnelley & Sons by 10.9% during the 4th quarter. LSV Asset Management now owns 2,738,991 shares of the business services provider’s stock worth $25,472,000 after acquiring an additional 269,152 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.
Separately, ValuEngine downgraded RR Donnelley & Sons from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd.
RR Donnelley & Sons (NYSE:RRD) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The company had revenue of $1.93 billion during the quarter. RR Donnelley & Sons had a negative return on equity of 47.95% and a negative net margin of 0.49%. During the same quarter in the prior year, the firm posted $0.51 earnings per share. research analysts anticipate that RR Donnelley & Sons Co will post 1.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.56 annualized dividend and a yield of 6.76%. RR Donnelley & Sons’s payout ratio is currently -116.67%.
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RR Donnelley & Sons Company Profile
R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.
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