Quantbot Technologies LP acquired a new stake in Veritiv Co. (NYSE:VRTV – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,089 shares of the basic materials company's stock, valued at approximately $204,000.
Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Veritiv by 1,390.0% in the 1st quarter. US Bancorp DE now owns 447 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 417 shares during the last quarter. Carolinas Wealth Consulting LLC acquired a new position in Veritiv in the 1st quarter valued at $67,000. Lazard Asset Management LLC increased its stake in shares of Veritiv by 243.4% in the 1st quarter. Lazard Asset Management LLC now owns 910 shares of the basic materials company's stock worth $121,000 after acquiring an additional 645 shares during the last quarter. Counterpoint Mutual Funds LLC increased its stake in shares of Veritiv by 138.8% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 1,156 shares of the basic materials company's stock worth $125,000 after acquiring an additional 672 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of Veritiv in the 2nd quarter worth $131,000. 97.74% of the stock is owned by institutional investors and hedge funds.
Get Veritiv alerts:Analyst Ratings Changes
A number of brokerages have issued reports on VRTV. Bank of America cut their target price on Veritiv from $155.00 to $126.00 in a research note on Thursday, October 13th. StockNews.com began coverage on Veritiv in a research note on Wednesday, October 12th. They issued a "strong-buy" rating for the company.
Veritiv Stock Up 6.6 %
Shares of NYSE:VRTV opened at $146.72 on Monday. The business has a 50-day moving average price of $126.87 and a 200 day moving average price of $121.58. The company has a current ratio of 1.98, a quick ratio of 1.42 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.56 and a beta of 2.15. Veritiv Co. has a 12-month low of $86.19 and a 12-month high of $161.10.Veritiv (NYSE:VRTV – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The basic materials company reported $5.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.11 by $0.71. The firm had revenue of $1.80 billion during the quarter. Veritiv had a return on equity of 45.97% and a net margin of 4.40%. Sell-side analysts expect that Veritiv Co. will post 23.5 EPS for the current year.
Veritiv Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Friday, November 18th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, November 17th. Veritiv's payout ratio is 11.58%.
Veritiv Company Profile
(Get Rating)
Veritiv Corp. operates as a business-to-business distributor of print, publishing, packaging, facility solutions, print and publishing products and services. The firm provides logistics and supply chain management solutions to its customers. It operates through the following segments: Print, Publishing, Packaging and Facility Solutions.
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