Is ACCO Brands Corporation (ACCO) Buy Now?

ValuEngine raised shares of Acco Brands Corporation from a hold rating to a buy rating in a report on Wednesday, August 2nd.

Eqis Capital Management Inc.'s holdings in Acco Brands Corporation were worth $186,000 at the end of the most recent reporting period. Finally, Zacks Investment Research cut shares of Acco Brands Corporation from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 19th.

According to Zacks brokerage recommendations, ACCO Brands Corporation (NYSE:ACCO)'s Buy count is 1 and Strong Buy is 1 while the number of analysts recommending Sell and Strong Sell are 0 and 2, respectively. New York State Teachers Retirement System raised its position in shares of Acco Brands Corporation by 1.1% in the first quarter. 815,330 shares of the stock traded hands. Acco Brands Corporation has a 52-week low of $9.06 and a 52-week high of $14.75. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The company has a market cap of $1.19 billion, a PE ratio of 21.71 and a beta of 1.30.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products business posted $0.31 EPS for the period, topping analysts' average forecasts of $0.27 by $0.04.

Net profit margin of the company is seen at 3.30%. The firm had revenue of $490 million during the quarter, compared to analysts' expectations of $497.17 million. During the same period in the previous year, the company earned $0.25 earnings per share. Victory Capital Management Inc. raised its stake in shares of Acco Brands Corporation by 8.3% in the first quarter.

MI wide receiver Grant Perry fully reinstated by team
The University and Michigan Athletic Department have closely followed the legal proceedings involving Grant Perry since October. Perry is not allowed to consume alcohol during his probation and must stay away from establishments that sell alcohol.

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In other Acco Brands Corporation news, SVP Kathy D. Schnaedter sold 68,653 shares of Acco Brands Corporation stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total transaction of $773,032.78. Following the transaction, the senior vice president now directly owns 68,655 shares in the company, valued at approximately $773,055.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Neal V. Fenwick acquired 12,313 shares of the company's stock in a transaction dated Thursday, August 3rd. The total value of its holdings decreased 10.7%. Following the completion of the acquisition, the vice president now owns 423,311 shares in the company, valued at approximately $4,487,096.60. The disclosure for this sale can be found here.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Acco Brands Corporation by 0.5% in the second quarter. The original version of this news story can be viewed at Victory Capital Management Inc. boosted its stake in shares of Acco Brands Corporation by 8.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,435 shares of the industrial products company's stock worth $111,000 after buying an additional 2,617 shares during the period. JPMorgan Chase & Co. now owns 7,126,210 shares of the industrial products company's stock valued at $83,019,000 after buying an additional 89,746 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Acco Brands Corporation by 0.8% in the first quarter. Wells Fargo & Company MN now owns 4,566,888 shares of the industrial products company's stock valued at $60,056,000 after buying an additional 194,294 shares during the last quarter.

Institutional investors have recently bought and sold shares of the company.

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