Water Island Capital LLC Lowers Position in Quad/Graphics, Inc. (QUAD)

Water Island Capital LLC cut its holdings in Quad/Graphics, Inc. (NYSE:QUAD) by 87.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,448 shares of the business services provider’s stock after selling 168,577 shares during the quarter. Water Island Capital LLC’s holdings in Quad/Graphics were worth $291,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB grew its position in Quad/Graphics by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 116,700 shares of the business services provider’s stock valued at $1,437,000 after acquiring an additional 700 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Quad/Graphics by 8.5% during the fourth quarter. Meeder Asset Management Inc. now owns 9,701 shares of the business services provider’s stock worth $120,000 after acquiring an additional 761 shares during the last quarter. Northern Oak Wealth Management Inc. increased its stake in Quad/Graphics by 50.0% during the first quarter. Northern Oak Wealth Management Inc. now owns 3,000 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. Legal & General Group Plc increased its stake in Quad/Graphics by 17.4% during the fourth quarter. Legal & General Group Plc now owns 7,992 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in Quad/Graphics by 11.7% during the fourth quarter. Squarepoint Ops LLC now owns 12,250 shares of the business services provider’s stock worth $151,000 after acquiring an additional 1,284 shares during the last quarter. 53.77% of the stock is owned by institutional investors.

In other news, insider Eric N. Ashworth sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.14, for a total value of $197,100.00. Following the completion of the sale, the insider now owns 120,345 shares in the company, valued at $1,581,333.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.85% of the stock is currently owned by company insiders.

Shares of QUAD stock traded down $0.03 during trading hours on Wednesday, reaching $10.54. The company had a trading volume of 1,183 shares, compared to its average volume of 463,401. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.76 and a current ratio of 1.13. Quad/Graphics, Inc. has a twelve month low of $10.18 and a twelve month high of $24.93. The firm has a market cap of $544.67 million, a P/E ratio of 5.91 and a beta of 1.60.

Quad/Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, April 30th. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). Quad/Graphics had a negative net margin of 0.25% and a positive return on equity of 11.56%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $979.58 million. During the same quarter last year, the business posted $0.58 EPS. Quad/Graphics’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research 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. Stockholders of record on Monday, May 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.39%. Quad/Graphics’s dividend payout ratio (DPR) is currently 67.04%.

Separately, Zacks Investment Research upgraded Quad/Graphics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. One investment 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’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.

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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, 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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Institutional Ownership by Quarter for Quad/Graphics (NYSE:QUAD)

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