Veritiv Corp (NYSE:VRTV) CEO Mary A. Laschinger bought 14,100 shares of Veritiv stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of $9.17 per share, for a total transaction of $129,297.00. Following the purchase, the chief executive officer now owns 297,669 shares of the company’s stock, valued at approximately $2,729,624.73. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of VRTV opened at $9.76 on Thursday. Veritiv Corp has a twelve month low of $5.70 and a twelve month high of $28.99. The company has a market cap of $149.55 million, a P/E ratio of -5.25 and a beta of 1.68. The company has a current ratio of 2.23, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. The company’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $15.70.

Veritiv (NYSE:VRTV) last announced its earnings results on Thursday, February 27th. The basic materials company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.08). Veritiv had a negative net margin of 0.39% and a negative return on equity of 3.44%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down 17.7% compared to the same quarter last year. Analysts predict that Veritiv Corp will post -1.35 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Bank of America raised shares of Veritiv from a “neutral” rating to a “buy” rating and reduced their target price for the company from $23.00 to $16.00 in a research note on Friday, March 6th. Zacks Investment Research raised shares of Veritiv from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th. Finally, ValuEngine raised shares of Veritiv from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.

Several institutional investors and hedge funds have recently made changes to their positions in VRTV. Tower Research Capital LLC TRC raised its stake in shares of Veritiv by 264.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 1,355 shares during the period. Aigen Investment Management LP bought a new position in shares of Veritiv in the fourth quarter worth about $116,000. Jane Street Group LLC bought a new position in shares of Veritiv in the fourth quarter worth about $227,000. Barclays PLC grew its holdings in shares of Veritiv by 7.3% in the third quarter. Barclays PLC now owns 16,072 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in shares of Veritiv in the fourth quarter worth about $309,000. 99.30% of the stock is currently owned by institutional investors and hedge funds.

About Veritiv

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

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