Heartland Advisors Inc. Invests $2.09 Million in Quad/Graphics, Inc. (NYSE:QUAD)

Heartland Advisors Inc. purchased a new stake in shares of Quad/Graphics, Inc. (NYSE:QUAD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 300,000 shares of the business services provider’s stock, valued at approximately $2,091,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Quad/Graphics by 16.1% in the 4th quarter. SG Americas Securities LLC now owns 13,851 shares of the business services provider’s stock worth $97,000 after buying an additional 1,922 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Quad/Graphics in the fourth quarter worth $116,000. FMR LLC increased its holdings in shares of Quad/Graphics by 1,103.6% during the third quarter. FMR LLC now owns 22,050 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 20,218 shares in the last quarter. EMC Capital Management raised its position in shares of Quad/Graphics by 835.7% in the 4th quarter. EMC Capital Management now owns 25,020 shares of the business services provider’s stock worth $174,000 after purchasing an additional 22,346 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Quad/Graphics by 61.9% in the 3rd quarter. Stifel Financial Corp now owns 31,060 shares of the business services provider’s stock worth $141,000 after purchasing an additional 11,874 shares in the last quarter. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of Quad/Graphics in a research note on Friday, February 21st. StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 20th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $10.30 target price on shares of Quad/Graphics in a research note on Tuesday, February 18th.

Quad/Graphics Price Performance

Shares of NYSE:QUAD opened at $5.41 on Friday. The business has a 50-day simple moving average of $6.37 and a two-hundred day simple moving average of $6.38. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85. The firm has a market cap of $283.41 million, a price-to-earnings ratio of -4.97 and a beta of 1.76. Quad/Graphics, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $9.13.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. The company had revenue of $708.40 million for the quarter, compared to the consensus estimate of $726.70 million. On average, analysts expect that Quad/Graphics, Inc. will post 1.08 earnings per share for the current year.

Quad/Graphics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.075 dividend. This is an increase from Quad/Graphics’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Friday, February 28th. Quad/Graphics’s dividend payout ratio (DPR) is -27.52%.

About Quad/Graphics

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.