Teachers Retirement System of The State of Kentucky held its stake in shares of Veritiv Corporation (NYSE:VRTV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,222 shares of the basic materials company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Veritiv Corporation were worth $270,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Janus Capital Management LLC raised its stake in shares of Veritiv Corporation by 18.4% in the first quarter. Janus Capital Management LLC now owns 876,895 shares of the basic materials company’s stock valued at $45,423,000 after buying an additional 136,536 shares during the period. Vanguard Group Inc. increased its position in shares of Veritiv Corporation by 28.1% in the first quarter. Vanguard Group Inc. now owns 582,988 shares of the basic materials company’s stock valued at $30,199,000 after buying an additional 127,926 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Veritiv Corporation by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 477,575 shares of the basic materials company’s stock valued at $24,737,000 after buying an additional 67,030 shares in the last quarter. Morgan Stanley increased its position in shares of Veritiv Corporation by 570.2% in the first quarter. Morgan Stanley now owns 209,167 shares of the basic materials company’s stock valued at $10,836,000 after buying an additional 177,956 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Veritiv Corporation by 1.4% in the first quarter. Acadian Asset Management LLC now owns 188,488 shares of the basic materials company’s stock valued at $9,763,000 after buying an additional 2,589 shares in the last quarter. 88.83% of the stock is owned by institutional investors.

Shares of Veritiv Corporation (NYSE:VRTV) traded down 0.258% on Thursday, reaching $28.975. The company’s stock had a trading volume of 41,247 shares. Veritiv Corporation has a 12-month low of $28.70 and a 12-month high of $62.60. The company’s 50-day moving average is $39.86 and its 200 day moving average is $47.65. The company’s market capitalization is $454.91 million.

Veritiv Corporation (NYSE:VRTV) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. The business had revenue of $2.03 billion during 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 company’s revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that Veritiv Corporation will post $1.45 earnings per share for the current fiscal year.

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Several research analysts have commented on VRTV shares. Zacks Investment Research downgraded Veritiv Corporation from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 6th. BidaskClub downgraded Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Wells Fargo & Company upgraded Veritiv Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 18th. SunTrust Banks, Inc. upgraded Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Thursday, August 3rd. They noted that the move was a valuation call. Finally, Barclays PLC cut their target price on Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.60.

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.

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

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