Heartland Advisors Inc. Makes New Investment in Quad/Graphics, Inc. (NYSE:QUAD)

Heartland Advisors Inc. purchased a new stake in shares of Quad/Graphics, Inc. (NYSE:QUAD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 300,000 shares of the business services provider’s stock, valued at approximately $2,091,000. Heartland Advisors Inc. owned 0.58% of Quad/Graphics as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of QUAD. JPMorgan Chase & Co. increased its holdings in Quad/Graphics by 467.6% during the 4th quarter. JPMorgan Chase & Co. now owns 80,250 shares of the business services provider’s stock worth $559,000 after acquiring an additional 66,111 shares during the period. Virtu Financial LLC bought a new position in shares of Quad/Graphics in the fourth quarter worth $116,000. Semanteon Capital Management LP bought a new position in shares of Quad/Graphics in the fourth quarter worth approximately $249,000. HighTower Advisors LLC purchased a new stake in Quad/Graphics in the fourth quarter valued at approximately $847,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Quad/Graphics by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 83,705 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 2,234 shares during the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QUAD has been the subject of a number of research analyst reports. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 20th. Rosenblatt Securities reissued a “buy” rating and set a $10.30 price objective on shares of Quad/Graphics in a report on Tuesday, February 18th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Quad/Graphics in a research note on Friday, February 21st.

Quad/Graphics Stock Performance

Shares of NYSE:QUAD opened at $5.41 on Friday. The company has a 50-day moving average price of $6.37 and a 200-day moving average price of $6.38. The company has a market cap of $283.41 million, a price-to-earnings ratio of -4.97 and a beta of 1.76. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35. Quad/Graphics, Inc. has a 12 month low of $4.06 and a 12 month high of $9.13.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $726.70 million. As a group, equities analysts anticipate that Quad/Graphics, Inc. will post 1.08 EPS for the current year.

Quad/Graphics Increases Dividend

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

Quad/Graphics 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.