Hotchkis & Wiley Capital Management LLC purchased a new position in ACCO Brands Co. (NYSE:ACCO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,462 shares of the industrial products company’s stock, valued at approximately $136,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACCO. Eqis Capital Management Inc. raised its position in ACCO Brands by 37.2% during the third quarter. Eqis Capital Management Inc. now owns 21,931 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 5,945 shares in the last quarter. JPMorgan Chase & Co. raised its position in ACCO Brands by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 7,126,210 shares of the industrial products company’s stock valued at $83,019,000 after acquiring an additional 89,746 shares in the last quarter. American Century Companies Inc. raised its position in ACCO Brands by 2.9% during the second quarter. American Century Companies Inc. now owns 441,934 shares of the industrial products company’s stock valued at $5,149,000 after acquiring an additional 12,322 shares in the last quarter. Vanguard Group Inc. raised its position in ACCO Brands by 0.5% during the second quarter. Vanguard Group Inc. now owns 9,716,711 shares of the industrial products company’s stock valued at $113,200,000 after acquiring an additional 50,566 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in ACCO Brands during the second quarter valued at approximately $362,000. 91.32% of the stock is owned by institutional investors and hedge funds.

ACCO Brands Co. (NYSE ACCO) opened at $13.15 on Friday. ACCO Brands Co. has a 52-week low of $10.35 and a 52-week high of $14.75. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1,401.15, a P/E ratio of 12.89, a P/E/G ratio of 1.15 and a beta of 1.50.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The company had revenue of $532.20 million for the quarter, compared to the consensus estimate of $529.65 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. equities analysts expect that ACCO Brands Co. will post 1.15 EPS for the current year.

Several brokerages recently weighed in on ACCO. Zacks Investment Research raised shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, October 31st. BidaskClub raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $13.00 price objective on shares of ACCO Brands in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.33.

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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.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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