Weber Alan W maintained its position in Veritiv Corporation (NYSE:VRTV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the basic materials company’s stock at the end of the second quarter. Weber Alan W’s holdings in Veritiv Corporation were worth $855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Veritiv Corporation by 15.1% in the fourth quarter. State Street Corp now owns 186,280 shares of the basic materials company’s stock valued at $10,020,000 after buying an additional 24,442 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Veritiv Corporation by 42.4% in the fourth quarter. Renaissance Technologies LLC now owns 14,100 shares of the basic materials company’s stock valued at $758,000 after buying an additional 4,200 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Veritiv Corporation by 22.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,050 shares of the basic materials company’s stock valued at $271,000 after buying an additional 910 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Veritiv Corporation by 34.3% in the fourth quarter. Teachers Advisors LLC now owns 29,288 shares of the basic materials company’s stock valued at $1,574,000 after buying an additional 7,488 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Veritiv Corporation by 1.7% in the first quarter. Capstone Asset Management Co. now owns 6,666 shares of the basic materials company’s stock valued at $345,000 after buying an additional 110 shares during the last quarter. 88.83% of the stock is currently owned by institutional investors.

Veritiv Corporation (VRTV) opened at 29.05 on Thursday. The firm’s 50-day moving average is $39.86 and its 200 day moving average is $47.65. The company’s market capitalization is $456.06 million. Veritiv Corporation has a one year low of $28.70 and a one year high of $62.60.

Veritiv Corporation (NYSE:VRTV) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.32. Veritiv Corporation had a negative net margin of 0.02% and a positive return on equity of 5.43%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts expect that Veritiv Corporation will post $1.45 EPS for the current fiscal year.

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Several brokerages have issued reports on VRTV. Zacks Investment Research upgraded shares of Veritiv Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Barclays PLC dropped their target price on shares of Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating on the stock in a report on Monday. William Blair cut shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company upgraded shares of Veritiv Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Veritiv Corporation has a consensus rating of “Hold” and an average price target of $45.60.

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.

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

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