Los Angeles Capital Management LLC Acquires 6,448 Shares of Veritiv Co. (NYSE:VRTV)

Los Angeles Capital Management LLC boosted its holdings in Veritiv Co. (NYSE:VRTVGet Rating) by 123.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,672 shares of the basic materials company’s stock after acquiring an additional 6,448 shares during the quarter. Los Angeles Capital Management LLC owned 0.08% of Veritiv worth $1,141,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Great West Life Assurance Co. Can increased its stake in Veritiv by 18.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 16,502 shares of the basic materials company’s stock worth $1,613,000 after acquiring an additional 2,512 shares during the last quarter. SG Americas Securities LLC increased its stake in Veritiv by 133.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,658 shares of the basic materials company’s stock worth $553,000 after acquiring an additional 3,237 shares during the last quarter. New York State Teachers Retirement System increased its stake in Veritiv by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 23,501 shares of the basic materials company’s stock worth $2,298,000 after acquiring an additional 100 shares during the last quarter. Money Concepts Capital Corp increased its stake in Veritiv by 5.0% in the 3rd quarter. Money Concepts Capital Corp now owns 2,497 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 120 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Veritiv by 4.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,234 shares of the basic materials company’s stock worth $1,783,000 after acquiring an additional 714 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VRTV shares. Bank of America reduced their price objective on Veritiv from $155.00 to $126.00 in a research report on Thursday, October 13th. StockNews.com started coverage on Veritiv in a research report on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

Veritiv Price Performance

Shares of Veritiv stock opened at $118.31 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.42 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1.59 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.46 and a beta of 2.15. The business’s 50-day moving average price is $127.63 and its 200-day moving average price is $120.44. Veritiv Co. has a 12 month low of $85.57 and a 12 month high of $161.10.

Veritiv (NYSE:VRTVGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The basic materials company reported $5.82 EPS for the quarter, beating the consensus estimate of $5.11 by $0.71. The firm had revenue of $1.80 billion for the quarter. Veritiv had a return on equity of 45.97% and a net margin of 4.40%. Sell-side analysts forecast that Veritiv Co. will post 23.5 EPS for the current fiscal year.

Veritiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Friday, November 18th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, November 17th. Veritiv’s dividend payout ratio is presently 11.58%.

Veritiv 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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