Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 5.2% during the first quarter, Holdings Channel reports. The institutional investor owned 392,021 shares of the business services provider’s stock after purchasing an additional 19,550 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Quad/Graphics were worth $4,665,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in shares of Quad/Graphics by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 116,700 shares of the business services provider’s stock valued at $1,437,000 after buying an additional 700 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Quad/Graphics by 8.5% in the fourth quarter. Meeder Asset Management Inc. now owns 9,701 shares of the business services provider’s stock worth $120,000 after purchasing an additional 761 shares during the last quarter. Northern Oak Wealth Management Inc. boosted its holdings in Quad/Graphics by 50.0% in the first quarter. Northern Oak Wealth Management Inc. now owns 3,000 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Legal & General Group Plc boosted its holdings in Quad/Graphics by 17.4% in the fourth quarter. Legal & General Group Plc now owns 7,992 shares of the business services provider’s stock worth $99,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Quad/Graphics by 11.7% in the fourth quarter. Squarepoint Ops LLC now owns 12,250 shares of the business services provider’s stock worth $151,000 after purchasing an additional 1,284 shares during the last quarter. Hedge funds and other institutional investors own 57.30% of the company’s stock.
Shares of QUAD stock opened at $9.27 on Friday. Quad/Graphics, Inc. has a 12-month low of $9.63 and a 12-month high of $24.93. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.76 and a current ratio of 1.13. The company has a market capitalization of $477.68 million, a P/E ratio of 5.18 and a beta of 1.60.
Quad/Graphics (NYSE:QUAD) last issued its earnings results on Tuesday, April 30th. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). Quad/Graphics had a positive return on equity of 11.56% and a negative net margin of 0.25%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $979.58 million. During the same quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that Quad/Graphics, Inc. will post 1.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.94%. The ex-dividend date is Friday, May 17th. Quad/Graphics’s dividend payout ratio is currently 67.04%.
In related news, insider Eric N. Ashworth sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $13.14, for a total value of $197,100.00. Following the sale, the insider now owns 120,345 shares in the company, valued at $1,581,333.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.85% of the company’s stock.
Separately, Zacks Investment Research cut shares of Quad/Graphics from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.50.
Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.
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