Ritholtz Wealth Management Acquires 89,505 Shares of Quad Graphics, Inc $QUAD

Ritholtz Wealth Management raised its holdings in Quad Graphics, Inc (NYSE:QUAD) by 50.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 267,064 shares of the business services provider’s stock after acquiring an additional 89,505 shares during the quarter. Ritholtz Wealth Management’s holdings in Quad Graphics were worth $1,765,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hillsdale Investment Management Inc. grew its stake in shares of Quad Graphics by 192.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 152,297 shares of the business services provider’s stock worth $955,000 after purchasing an additional 100,197 shares during the last quarter. Miller Value Partners LLC increased its stake in shares of Quad Graphics by 4.4% in the fourth quarter. Miller Value Partners LLC now owns 2,737,890 shares of the business services provider’s stock valued at $17,167,000 after buying an additional 114,415 shares during the period. Invst LLC lifted its stake in shares of Quad Graphics by 1.1% in the fourth quarter. Invst LLC now owns 360,463 shares of the business services provider’s stock worth $2,260,000 after acquiring an additional 4,069 shares during the period. Crescent Grove Advisors LLC boosted its holdings in Quad Graphics by 33.1% in the fourth quarter. Crescent Grove Advisors LLC now owns 80,490 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 20,000 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Quad Graphics by 33.7% in the fourth quarter. HighTower Advisors LLC now owns 200,239 shares of the business services provider’s stock valued at $1,255,000 after acquiring an additional 50,462 shares during the last quarter. Institutional investors own 39.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on QUAD shares. Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a report on Monday, April 27th. Wall Street Zen raised shares of Quad Graphics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Finally, Benchmark initiated coverage on shares of Quad Graphics in a research report on Tuesday, April 7th. They set a “buy” rating and a $10.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.93.

Quad Graphics Stock Up 4.6%

Shares of Quad Graphics stock opened at $8.40 on Friday. Quad Graphics, Inc has a one year low of $5.01 and a one year high of $8.64. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.94 and a quick ratio of 0.65. The stock’s 50-day moving average is $7.53 and its 200 day moving average is $6.87. The firm has a market cap of $433.10 million, a price-to-earnings ratio of 15.00 and a beta of 1.15.

Quad Graphics (NYSE:QUAD) last released its earnings results on Tuesday, April 28th. The business services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Quad Graphics had a return on equity of 47.27% and a net margin of 1.16%.The business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $581.07 million. Equities research analysts anticipate that Quad Graphics, Inc will post 1.2 EPS for the current year.

Quad Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 21st were paid a $0.10 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.40 annualized dividend and a dividend yield of 4.8%. Quad Graphics’s payout ratio is currently 71.43%.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.