Texas Permanent School Fund Has $433,000 Stake in Veritiv Corporation (VRTV)

Texas Permanent School Fund boosted its position in Veritiv Corporation (NYSE:VRTV) by 21.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,357 shares of the basic materials company’s stock after buying an additional 1,492 shares during the period. Texas Permanent School Fund’s holdings in Veritiv Corporation were worth $433,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Veritiv Corporation by 45.2% in the fourth quarter. Guggenheim Capital LLC now owns 67,189 shares of the basic materials company’s stock worth $3,611,000 after buying an additional 20,911 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Veritiv Corporation by 604.1% in the fourth quarter. Janus Capital Management LLC now owns 740,359 shares of the basic materials company’s stock worth $39,794,000 after buying an additional 635,210 shares during the last quarter. Menta Capital LLC increased its stake in shares of Veritiv Corporation by 58.9% in the fourth quarter. Menta Capital LLC now owns 38,455 shares of the basic materials company’s stock worth $2,067,000 after buying an additional 14,255 shares during the last quarter. Comerica Bank increased its stake in shares of Veritiv Corporation by 38.7% in the fourth quarter. Comerica Bank now owns 49,183 shares of the basic materials company’s stock worth $2,862,000 after buying an additional 13,724 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake 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 worth $758,000 after buying an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 90.96% of the company’s stock.

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

Veritiv Corporation (VRTV) opened at 44.90 on Tuesday. The company has a market cap of $704.48 million, a PE ratio of 46.58 and a beta of 1.20. The stock has a 50 day moving average of $43.86 and a 200-day moving average of $51.09. Veritiv Corporation has a 12-month low of $34.10 and a 12-month high of $62.60.

Veritiv Corporation (NYSE:VRTV) last issued its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.17. Veritiv Corporation had a return on equity of 4.32% and a net margin of 0.19%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Veritiv Corporation will post $2.78 earnings per share for the current fiscal year.

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VRTV has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Friday, March 17th. Wells Fargo & Company initiated coverage on shares of Veritiv Corporation in a report on Wednesday, March 15th. They issued a “market perform” rating for the company.

In other news, major shareholder Bain Capital Investors Llc sold 1,800,000 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $54.14, for a total transaction of $97,452,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mary A. Laschinger acquired 6,100 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were acquired at an average cost of $41.71 per share, with a total value of $254,431.00. Following the acquisition, the chairman now directly owns 60,693 shares of the company’s stock, valued at approximately $2,531,505.03. The disclosure for this purchase can be found here. Insiders have bought 12,100 shares of company stock valued at $500,431 in the last three months. 0.25% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VRTV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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