Range Financial Group LLC Buys Shares of 7,141 Veritiv Co. (NYSE:VRTV)

Range Financial Group LLC bought a new position in Veritiv Co. (NYSE:VRTVGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,141 shares of the basic materials company’s stock, valued at approximately $954,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Veritiv by 1,106.1% during the 1st quarter. First Horizon Advisors Inc. now owns 398 shares of the basic materials company’s stock valued at $53,000 after buying an additional 365 shares during the last quarter. US Bancorp DE lifted its stake in Veritiv by 1,390.0% in the first quarter. US Bancorp DE now owns 447 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 417 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Veritiv in the first quarter worth approximately $65,000. Carolinas Wealth Consulting LLC bought a new stake in Veritiv in the first quarter worth approximately $67,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Veritiv during the 4th quarter worth $71,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.

Veritiv Stock Down 4.1 %

VRTV stock opened at $117.59 on Wednesday. The firm has a market cap of $1.64 billion, a PE ratio of 6.74, a PEG ratio of 0.33 and a beta of 2.11. Veritiv Co. has a 1 year low of $79.95 and a 1 year high of $161.10. The company has a fifty day simple moving average of $122.72 and a 200 day simple moving average of $128.75. The company has a current ratio of 2.01, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58.

Veritiv (NYSE:VRTVGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The basic materials company reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.50 by $1.62. The firm had revenue of $1.82 billion during the quarter. Veritiv had a net margin of 3.64% and a return on equity of 41.53%. Sell-side analysts anticipate that Veritiv Co. will post 21.25 EPS for the current fiscal year.

Veritiv Company Profile

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Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing).

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Institutional Ownership by Quarter for Veritiv (NYSE:VRTV)

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