Veritiv Corp (NYSE:VRTV) major shareholder Bain Capital Investors Llc sold 1,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $41.40, for a total transaction of $62,100,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Veritiv stock opened at $36.55 on Friday. The company has a market cap of $591.85 million, a P/E ratio of -43.12 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.53 and a current ratio of 2.32. Veritiv Corp has a 1 year low of $20.35 and a 1 year high of $51.00.

Veritiv (NYSE:VRTV) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.67). The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.07 billion. Veritiv had a negative net margin of 0.33% and a positive return on equity of 7.33%. equities research analysts forecast that Veritiv Corp will post 3.54 EPS for the current year.

VRTV has been the subject of several analyst reports. Zacks Investment Research cut shares of Veritiv from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. ValuEngine cut shares of Veritiv from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. SunTrust Banks boosted their target price on shares of Veritiv to $40.00 and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, TheStreet upgraded shares of Veritiv from a “d+” rating to a “c” rating in a research report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.60.

Several institutional investors have recently made changes to their positions in VRTV. State Board of Administration of Florida Retirement System bought a new stake in shares of Veritiv during the 1st quarter valued at approximately $221,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Veritiv by 24.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 203,553 shares of the basic materials company’s stock valued at $7,980,000 after purchasing an additional 40,623 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Veritiv by 21.2% during the 1st quarter. Aperio Group LLC now owns 11,396 shares of the basic materials company’s stock valued at $447,000 after purchasing an additional 1,993 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Veritiv by 1.5% during the 1st quarter. Northern Trust Corp now owns 139,492 shares of the basic materials company’s stock valued at $5,469,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new stake in shares of Veritiv during the 1st quarter valued at approximately $1,089,000. 95.22% of the stock is currently owned by institutional investors.

Veritiv Company Profile

Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.

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