GSA Capital Partners LLP trimmed its position in Veritiv Corporation (NYSE:VRTV) by 56.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,291 shares of the basic materials company’s stock after selling 27,905 shares during the quarter. GSA Capital Partners LLP owned 0.14% of Veritiv Corporation worth $958,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Veritiv Corporation by 4.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,951 shares of the basic materials company’s stock worth $153,000 after buying an additional 122 shares during the period. Arizona State Retirement System raised its position in shares of Veritiv Corporation by 4.1% in the 1st quarter. Arizona State Retirement System now owns 5,021 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 200 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Veritiv Corporation by 3.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 6,860 shares of the basic materials company’s stock worth $309,000 after acquiring an additional 260 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Veritiv Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,295 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 344 shares in the last quarter. Finally, Capital One National Association raised its position in shares of Veritiv Corporation by 6.1% in the 2nd quarter. Capital One National Association now owns 9,665 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 556 shares in the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.

In related news, Chairman Mary A. Laschinger purchased 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average price of $30.22 per share, for a total transaction of $99,726.00. Following the transaction, the chairman now directly owns 63,993 shares of the company’s stock, valued at approximately $1,933,868.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Veritiv Corporation (NYSE:VRTV) opened at 32.50 on Friday. Veritiv Corporation has a one year low of $26.85 and a one year high of $62.60. The firm’s market capitalization is $510.25 million. The stock has a 50 day moving average price of $29.12 and a 200-day moving average price of $42.08.

Veritiv Corporation (NYSE:VRTV) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.32. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts predict that Veritiv Corporation will post $1.48 earnings per share for the current fiscal year.

VRTV has been the subject of several recent research reports. SunTrust Banks, Inc. raised Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, August 3rd. They noted that the move was a valuation call. TheStreet lowered Veritiv Corporation from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. BidaskClub raised Veritiv Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised Veritiv Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, William Blair lowered Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Veritiv Corporation presently has a consensus rating of “Hold” and an average target price of $45.60.

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Veritiv Corporation Company 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.

Institutional Ownership by Quarter for Veritiv Corporation (NYSE:VRTV)

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