Veritiv Co. (NYSE:VRTV – Get Rating)'s stock price shot up 4.8% during trading on Tuesday . The company traded as high as $120.58 and last traded at $120.58. 1,639 shares changed hands during trading, a decline of 99% from the average session volume of 121,163 shares. The stock had previously closed at $115.07.
Veritiv Trading Up 4.9 %
The company has a market cap of $1.69 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. The business's fifty day moving average price is $120.74 and its 200 day moving average price is $127.43. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.01 and a quick ratio of 1.46.Get Veritiv alerts:
Veritiv (NYSE:VRTV – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The basic materials company reported $6.12 EPS for the quarter, topping analysts' consensus estimates of $4.50 by $1.62. The company had revenue of $1.82 billion for the quarter. Veritiv had a net margin of 3.64% and a return on equity of 41.53%. Research analysts anticipate that Veritiv Co. will post 21.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On VeritivA number of hedge funds have recently modified their holdings of VRTV. First Horizon Advisors Inc. raised its stake in Veritiv by 1,106.1% during the first quarter. First Horizon Advisors Inc. now owns 398 shares of the basic materials company's stock worth $53,000 after buying an additional 365 shares during the last quarter. US Bancorp DE raised its stake in Veritiv by 1,390.0% during the first quarter. US Bancorp DE now owns 447 shares of the basic materials company's stock worth $60,000 after buying an additional 417 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Veritiv during the first quarter worth $65,000. Carolinas Wealth Consulting LLC bought a new position in Veritiv during the first quarter worth $67,000. Finally, Point72 Hong Kong Ltd bought a new position in Veritiv during the fourth quarter worth $71,000. Institutional investors and hedge funds own 96.34% of the company's stock.
Veritiv Company Profile
Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing).
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