Veritiv Corporation (NYSE:VRTV) Director Tracy A. Leinbach acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $23.69 per share, for a total transaction of $118,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Veritiv Corporation (NYSE VRTV) traded up $0.90 during mid-day trading on Friday, hitting $24.50. 58,303 shares of the company’s stock were exchanged, compared to its average volume of 113,506. Veritiv Corporation has a one year low of $20.35 and a one year high of $62.60. The company has a market cap of $372.88, a P/E ratio of 8.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.36 and a quick ratio of 1.51.

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Several hedge funds have recently added to or reduced their stakes in the business. Baupost Group LLC MA raised its position in shares of Veritiv Corporation by 0.3% during the 3rd quarter. Baupost Group LLC MA now owns 3,053,724 shares of the basic materials company’s stock worth $99,246,000 after buying an additional 9,339 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Veritiv Corporation during the 2nd quarter worth about $55,381,000. Dimensional Fund Advisors LP raised its position in shares of Veritiv Corporation by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 696,156 shares of the basic materials company’s stock worth $22,626,000 after buying an additional 67,374 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Veritiv Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 589,334 shares of the basic materials company’s stock worth $26,521,000 after buying an additional 6,346 shares in the last quarter. Finally, State Street Corp raised its position in shares of Veritiv Corporation by 15.2% during the 2nd quarter. State Street Corp now owns 248,552 shares of the basic materials company’s stock worth $11,193,000 after buying an additional 32,835 shares in the last quarter. Institutional investors own 93.45% of the company’s stock.

Several analysts recently weighed in on VRTV shares. SunTrust Banks, Inc. upgraded shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Veritiv Corporation from a “sell” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, October 5th. TheStreet downgraded shares of Veritiv Corporation from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. BidaskClub upgraded shares of Veritiv Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Wells Fargo & Company downgraded shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.00.

About Veritiv Corporation

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.

Insider Buying and Selling by Quarter for Veritiv Corporation (NYSE:VRTV)

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