RR Donnelley & Sons (RRD) Shares Down 0.7%

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RR Donnelley & Sons Co (NYSE:RRD) was down 0.7% during mid-day trading on Friday . The company traded as low as $4.21 and last traded at $4.25. Approximately 51,845 shares traded hands during trading, a decline of 95% from the average daily volume of 1,030,378 shares. The stock had previously closed at $4.22.

A number of equities research analysts have recently issued reports on RRD shares. Buckingham Research raised RR Donnelley & Sons from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $8.00 in a research report on Tuesday, September 4th. ValuEngine raised RR Donnelley & Sons from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th.

The stock has a market capitalization of $380.16 million, a PE ratio of 3.62 and a beta of 1.13. The company has a quick ratio of 1.25, a current ratio of 1.48 and a debt-to-equity ratio of -8.22.

RR Donnelley & Sons (NYSE:RRD) last announced its earnings results on Wednesday, August 1st. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.64 billion. RR Donnelley & Sons had a negative return on equity of 32.28% and a negative net margin of 1.18%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, equities research analysts predict that RR Donnelley & Sons Co will post 0.95 EPS for the current fiscal year.

In related news, EVP Kenneth E. O’brien bought 20,000 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were bought at an average cost of $5.22 per share, with a total value of $104,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of RR Donnelley & Sons by 13.1% during the second quarter. BlackRock Inc. now owns 10,767,877 shares of the business services provider’s stock worth $62,023,000 after purchasing an additional 1,250,568 shares during the period. Towle & Co. raised its position in RR Donnelley & Sons by 32.1% during the second quarter. Towle & Co. now owns 5,755,856 shares of the business services provider’s stock valued at $33,154,000 after buying an additional 1,398,106 shares during the period. Schwab Charles Investment Management Inc. raised its position in RR Donnelley & Sons by 10.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,710,603 shares of the business services provider’s stock valued at $9,854,000 after buying an additional 155,742 shares during the period. Millennium Management LLC raised its position in RR Donnelley & Sons by 279.8% during the first quarter. Millennium Management LLC now owns 799,078 shares of the business services provider’s stock valued at $6,976,000 after buying an additional 588,656 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in RR Donnelley & Sons during the second quarter valued at $4,454,000. 82.07% of the stock is currently owned by institutional investors.

About RR Donnelley & Sons (NYSE:RRD)

R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.

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