75,619 Shares in Domtar Corp (UFS) Acquired by CHURCHILL MANAGEMENT Corp
CHURCHILL MANAGEMENT Corp acquired a new stake in Domtar Corp (NYSE:UFS) (TSE:UFS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 75,619 shares of the basic materials company’s stock, valued at approximately $3,745,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC lifted its stake in shares of Domtar by 3.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 451,395 shares of the basic materials company’s stock valued at $19,586,000 after purchasing an additional 13,549 shares in the last quarter. AXA acquired a new position in shares of Domtar in the 3rd quarter valued at about $6,530,000. Shelton Capital Management acquired a new position in shares of Domtar in the 3rd quarter valued at about $206,000. California Public Employees Retirement System lifted its stake in shares of Domtar by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 255,794 shares of the basic materials company’s stock valued at $11,099,000 after purchasing an additional 4,678 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Domtar by 176.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 1,853 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. Vertical Group lowered Domtar from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine lowered Domtar from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stephens set a $53.00 price target on Domtar and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Domtar from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, December 27th. Finally, National Bank Financial boosted their price target on Domtar from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.80.
Domtar Corp (NYSE:UFS) opened at $51.23 on Friday. Domtar Corp has a 52-week low of $35.47 and a 52-week high of $51.57. The stock has a market capitalization of $3,200.00, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 1.20.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.30. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $1.13 EPS. Domtar’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Domtar Corp will post 2.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, December 29th. Domtar’s payout ratio is 59.50%.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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