Great West Life Assurance Co. Can raised its position in shares of Veritiv Corporation (NYSE:VRTV) by 26.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,310 shares of the basic materials company’s stock after buying an additional 3,387 shares during the period. Great West Life Assurance Co. Can owned about 0.10% of Veritiv Corporation worth $844,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of VRTV. Janus Capital Management LLC increased its stake in Veritiv Corporation by 604.1% in the fourth quarter. Janus Capital Management LLC now owns 740,359 shares of the basic materials company’s stock worth $39,794,000 after buying an additional 635,210 shares in the last quarter. Norges Bank acquired a new stake in Veritiv Corporation during the fourth quarter worth approximately $23,221,000. Dimensional Fund Advisors LP increased its stake in Veritiv Corporation by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 410,545 shares of the basic materials company’s stock worth $22,067,000 after buying an additional 76,575 shares in the last quarter. Acadian Asset Management LLC increased its stake in Veritiv Corporation by 1.4% in the first quarter. Acadian Asset Management LLC now owns 188,488 shares of the basic materials company’s stock worth $9,763,000 after buying an additional 2,589 shares in the last quarter. Finally, State Street Corp increased its stake in Veritiv Corporation by 15.1% in the fourth quarter. State Street Corp now owns 186,280 shares of the basic materials company’s stock worth $10,020,000 after buying an additional 24,442 shares in the last quarter. Institutional investors own 90.96% of the company’s stock.
Shares of Veritiv Corporation (NYSE:VRTV) opened at 44.30 on Friday. The firm has a market capitalization of $695.07 million, a PE ratio of 45.95 and a beta of 1.20. Veritiv Corporation has a 52 week low of $34.10 and a 52 week high of $62.60. The stock has a 50 day moving average price of $44.05 and a 200-day moving average price of $51.05.
Veritiv Corporation (NYSE:VRTV) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. Veritiv Corporation had a return on equity of 4.32% and a net margin of 0.19%. Veritiv Corporation’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Veritiv Corporation will post $2.78 earnings per share for the current year.
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A number of equities research analysts have commented on VRTV shares. Wells Fargo & Company started coverage on Veritiv Corporation in a research report on Wednesday, March 15th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Veritiv Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Friday, March 17th.
In other news, major shareholder Bain Capital Investors Llc sold 1,800,000 shares of Veritiv Corporation stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $54.14, for a total transaction of $97,452,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas S. Lazzaro purchased 5,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $40.90 per share, for a total transaction of $204,500.00. Following the acquisition, the senior vice president now owns 17,505 shares of the company’s stock, valued at approximately $715,954.50. The disclosure for this purchase can be found here. Insiders purchased 12,100 shares of company stock valued at $500,431 over the last quarter. Insiders own 0.25% of the company’s stock.
About Veritiv Corporation
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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