Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 75.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,114 shares of the basic materials company’s stock after buying an additional 3,060 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Domtar were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Winslow Evans & Crocker Inc. purchased a new position in shares of Domtar in the fourth quarter worth $26,000. IFP Advisors Inc raised its stake in shares of Domtar by 144.8% in the fourth quarter. IFP Advisors Inc now owns 2,269 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 1,342 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Domtar in the third quarter worth $130,000. Globeflex Capital L P purchased a new position in shares of Domtar in the third quarter worth $204,000. Finally, Virtu Financial LLC purchased a new position in shares of Domtar in the fourth quarter worth $205,000. Hedge funds and other institutional investors own 90.06% of the company’s stock.

NYSE:UFS traded up $0.36 during mid-day trading on Monday, hitting $50.01. 116,955 shares of the company traded hands, compared to its average volume of 799,108. Domtar Corp has a one year low of $33.81 and a one year high of $54.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.06 and a current ratio of 2.03. The firm has a market capitalization of $3.12 billion, a PE ratio of 10.85, a P/E/G ratio of 1.77 and a beta of 1.98.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.01. Domtar had a return on equity of 11.59% and a net margin of 5.19%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. Domtar’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts forecast that Domtar Corp will post 5.63 earnings per share for the current fiscal year.

Several research firms have recently weighed in on UFS. TheStreet upgraded Domtar from a “c” rating to a “b” rating in a research note on Wednesday, February 6th. TD Securities boosted their price target on Domtar from $45.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, February 6th. Raymond James restated a “market perform” rating and issued a $52.00 price target on shares of Domtar in a research note on Wednesday, February 6th. Royal Bank of Canada lowered Domtar from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $50.00 to $55.00 in a report on Wednesday, February 6th. Finally, ValuEngine lowered Domtar from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.17.

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About Domtar

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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