R.R. Donnelley & Sons Company (RRD) Shares Bought by State Street Corp

State Street Corp increased its stake in shares of R.R. Donnelley & Sons Company (NYSE:RRD) by 24.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,896,711 shares of the business services provider’s stock after purchasing an additional 374,642 shares during the period. State Street Corp owned approximately 2.71% of R.R. Donnelley & Sons worth $23,788,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of R.R. Donnelley & Sons during the 2nd quarter worth approximately $117,000. Nisa Investment Advisors LLC boosted its position in shares of R.R. Donnelley & Sons by 229.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,199 shares of the business services provider’s stock worth $151,000 after purchasing an additional 8,500 shares during the period. Stoneridge Investment Partners LLC purchased a new position in shares of R.R. Donnelley & Sons during the 2nd quarter worth approximately $247,000. PNC Financial Services Group Inc. boosted its position in shares of R.R. Donnelley & Sons by 1.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,612 shares of the business services provider’s stock worth $282,000 after purchasing an additional 378 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in shares of R.R. Donnelley & Sons during the 2nd quarter worth approximately $287,000. 90.84% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts recently weighed in on the stock. BidaskClub cut shares of R.R. Donnelley & Sons from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet cut shares of R.R. Donnelley & Sons from a “c-” rating to a “d” rating in a research report on Thursday, October 26th. Finally, ValuEngine raised shares of R.R. Donnelley & Sons from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of R.R. Donnelley & Sons Company (RRD) opened at $7.59 on Wednesday. The stock has a market cap of $544.68, a P/E ratio of 8.73 and a beta of 1.99. R.R. Donnelley & Sons Company has a fifty-two week low of $7.47 and a fifty-two week high of $18.52. The company has a current ratio of 1.50, a quick ratio of 1.19 and a debt-to-equity ratio of -13.69.

R.R. Donnelley & Sons (NYSE:RRD) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.07). The business had revenue of $1.73 billion for the quarter. R.R. Donnelley & Sons had a negative return on equity of 42.52% and a negative net margin of 7.15%. During the same quarter in the previous year, the business posted $1.07 EPS. equities analysts predict that R.R. Donnelley & Sons Company will post 1.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 7.38%. R.R. Donnelley & Sons’s dividend payout ratio (DPR) is presently -7.92%.

R.R. Donnelley & Sons Profile

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.

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Institutional Ownership by Quarter for R.R. Donnelley & Sons (NYSE:RRD)

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