Anchor Capital Advisors LLC Has $1.50 Million Position in Veritiv Corporation (VRTV)
Anchor Capital Advisors LLC decreased its holdings in Veritiv Corporation (NYSE:VRTV) by 19.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,253 shares of the basic materials company’s stock after selling 11,135 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.29% of Veritiv Corporation worth $1,503,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. First Eagle Investment Management LLC bought a new stake in shares of Veritiv Corporation in the third quarter worth $910,000. BNP Paribas Arbitrage SA grew its stake in shares of Veritiv Corporation by 53.4% in the third quarter. BNP Paribas Arbitrage SA now owns 6,782 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 2,362 shares during the last quarter. Prudential Financial Inc. boosted its position in Veritiv Corporation by 58.5% during the third quarter. Prudential Financial Inc. now owns 148,799 shares of the basic materials company’s stock valued at $4,836,000 after acquiring an additional 54,890 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in Veritiv Corporation during the third quarter valued at $228,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Veritiv Corporation during the third quarter valued at $246,000. 93.45% of the stock is currently owned by institutional investors.
Veritiv Corporation (NYSE VRTV) traded up $0.25 on Tuesday, hitting $23.90. 115,800 shares of the company were exchanged, compared to its average volume of 113,644. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of 1.81. Veritiv Corporation has a 12 month low of $20.35 and a 12 month high of $62.60. The firm has a market cap of $371.31, a price-to-earnings ratio of 8.92 and a beta of 1.22.
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A number of equities analysts have recently issued reports on VRTV shares. BidaskClub cut shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Bank of America Corporation cut shares of Veritiv Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $64.00 to $36.00 in a research report on Thursday, August 3rd. SunTrust Banks, Inc. raised shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Barclays PLC cut their price objective on shares of Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating on the stock in a research report on Monday, August 7th. Finally, Wells Fargo & Company cut shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Veritiv Corporation currently has an average rating of “Hold” and an average price target of $33.00.
In other news, Director Charles Ward acquired 20,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $23.63 per share, for a total transaction of $472,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $472,600. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mary A. Laschinger purchased 3,300 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were bought at an average price of $30.22 per share, with a total value of $99,726.00. Following the purchase, the chairman now owns 63,993 shares in the company, valued at $1,933,868.46. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.
Veritiv Corporation Profile
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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