Macquarie Group Ltd. purchased a new stake in shares of Essendant Inc (NASDAQ:ESND) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $237,000.

A number of other large investors have also recently modified their holdings of ESND. Teachers Advisors LLC grew its holdings in Essendant by 5.0% during the 1st quarter. Teachers Advisors LLC now owns 90,788 shares of the company’s stock valued at $1,375,000 after purchasing an additional 4,333 shares during the last quarter. Strs Ohio grew its holdings in Essendant by 2.7% during the 2nd quarter. Strs Ohio now owns 49,400 shares of the company’s stock valued at $732,000 after purchasing an additional 1,300 shares during the last quarter. Texas Permanent School Fund grew its holdings in Essendant by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 27,379 shares of the company’s stock valued at $406,000 after purchasing an additional 249 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Essendant by 30.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 630,638 shares of the company’s stock valued at $9,353,000 after purchasing an additional 148,014 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Essendant by 19.4% during the 2nd quarter. SG Americas Securities LLC now owns 26,273 shares of the company’s stock valued at $390,000 after purchasing an additional 4,271 shares during the last quarter. Institutional investors own 96.43% of the company’s stock.

ESND has been the topic of several analyst reports. BidaskClub upgraded shares of Essendant from a “strong sell” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of Essendant from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Essendant from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.50.

Shares of Essendant Inc (NASDAQ ESND) opened at $9.01 on Wednesday. The stock has a market cap of $340.76, a PE ratio of 16.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.04 and a quick ratio of 1.02. Essendant Inc has a 52-week low of $8.31 and a 52-week high of $22.52.

Essendant (NASDAQ:ESND) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.30). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Essendant had a negative net margin of 5.26% and a positive return on equity of 3.20%. Essendant’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share.

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Essendant Company Profile

Essendant Inc (Essendant) is a wholesale distributor of workplace items. The Company’s product portfolio includes Janitorial, Foodservice and Breakroom Supplies (JanSan), Technology Products, Traditional Office Products, Industrial Supplies, Cut Sheet Paper Products, Automotive Products and Office Furniture.

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Institutional Ownership by Quarter for Essendant (NASDAQ:ESND)

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