Connor Clark & Lunn Investment Management Ltd. lifted its stake in RR Donnelley & Sons Co (NYSE:RRD) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 704,673 shares of the business services provider’s stock after buying an additional 8,225 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in RR Donnelley & Sons were worth $3,326,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in RR Donnelley & Sons by 14.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 146,496 shares of the business services provider’s stock valued at $691,000 after buying an additional 18,864 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in RR Donnelley & Sons in the 1st quarter valued at $564,000. Everence Capital Management Inc. increased its stake in RR Donnelley & Sons by 160.7% in the 1st quarter. Everence Capital Management Inc. now owns 30,530 shares of the business services provider’s stock valued at $144,000 after buying an additional 18,820 shares during the last quarter. SG Americas Securities LLC increased its stake in RR Donnelley & Sons by 73.2% in the 1st quarter. SG Americas Securities LLC now owns 71,940 shares of the business services provider’s stock valued at $340,000 after buying an additional 30,393 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in RR Donnelley & Sons by 55.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 22,308 shares of the business services provider’s stock valued at $105,000 after buying an additional 7,968 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
Separately, Zacks Investment Research lowered shares of RR Donnelley & Sons from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th.
RR Donnelley & Sons (NYSE:RRD) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. RR Donnelley & Sons had a negative net margin of 0.15% and a negative return on equity of 21.78%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned ($0.10) EPS. The company’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts anticipate that RR Donnelley & Sons Co will post 0.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.12 annualized dividend and a yield of 4.10%. RR Donnelley & Sons’s payout ratio is currently 17.14%.
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About RR Donnelley & Sons
R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.
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