Robeco Institutional Asset Management B.V. decreased its position in Universal Corp (NYSE:UVV) by 91.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,203 shares of the company’s stock after selling 126,729 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Universal were worth $793,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of UVV. Legal & General Group Plc boosted its stake in shares of Universal by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 69,418 shares of the company’s stock valued at $4,593,000 after buying an additional 2,448 shares during the last quarter. BlackRock Inc. lifted its stake in Universal by 0.8% during the second quarter. BlackRock Inc. now owns 3,442,970 shares of the company’s stock worth $227,407,000 after purchasing an additional 26,779 shares during the last quarter. Federated Investors Inc. PA lifted its stake in Universal by 823.6% in the second quarter. Federated Investors Inc. PA now owns 1,524 shares of the company’s stock valued at $101,000 after buying an additional 1,359 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Universal by 18.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 329,527 shares of the company’s stock valued at $21,766,000 after buying an additional 50,768 shares during the last quarter. Finally, Boston Partners lifted its stake in Universal by 3.0% in the second quarter. Boston Partners now owns 462,407 shares of the company’s stock valued at $30,542,000 after buying an additional 13,682 shares during the last quarter. 85.15% of the stock is owned by institutional investors.
UVV stock opened at $69.91 on Thursday. The company has a current ratio of 5.26, a quick ratio of 1.90 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.96 and a beta of 0.79. Universal Corp has a 1 year low of $45.95 and a 1 year high of $71.60.
In other news, Director John B. Adams, Jr. sold 3,000 shares of the firm’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $67.29, for a total transaction of $201,870.00. Following the transaction, the director now directly owns 13,805 shares of the company’s stock, valued at $928,938.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.
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Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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