Connor Clark & Lunn Investment Management Ltd. Reduces Holdings in Quad/Graphics, Inc. (NYSE:QUAD)

Connor Clark & Lunn Investment Management Ltd. reduced its position in Quad/Graphics, Inc. (NYSE:QUAD) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 139,343 shares of the business services provider’s stock after selling 12,382 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.27% of Quad/Graphics worth $633,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QUAD. Vanguard Group Inc. increased its stake in Quad/Graphics by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,767,528 shares of the business services provider’s stock valued at $9,386,000 after purchasing an additional 11,139 shares during the period. Quadrature Capital Ltd acquired a new position in Quad/Graphics in the 1st quarter valued at about $104,000. GAMMA Investing LLC acquired a new stake in Quad/Graphics during the 2nd quarter worth approximately $68,000. Harbor Capital Advisors Inc. grew its stake in shares of Quad/Graphics by 271.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,175 shares of the business services provider’s stock valued at $175,000 after purchasing an additional 23,507 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Quad/Graphics by 8,613.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 28,231 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 27,907 shares during the period. 39.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QUAD shares. Rosenblatt Securities lifted their price objective on shares of Quad/Graphics from $7.70 to $10.30 and gave the company a “buy” rating in a research report on Monday. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Quad/Graphics in a report on Tuesday. Finally, StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th.

Quad/Graphics Stock Performance

NYSE:QUAD opened at $7.24 on Friday. The firm’s fifty day simple moving average is $5.96 and its 200-day simple moving average is $5.33. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35. The stock has a market cap of $377.35 million, a PE ratio of -4.39 and a beta of 1.57. Quad/Graphics, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $7.94.

Quad/Graphics (NYSE:QUAD) last issued its earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $654.90 million. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 42.63%. During the same period last year, the company posted $0.11 earnings per share. Analysts expect that Quad/Graphics, Inc. will post 0.84 earnings per share for the current fiscal year.

Quad/Graphics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, November 18th. Quad/Graphics’s dividend payout ratio (DPR) is presently -12.12%.

Quad/Graphics Company Profile

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, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.