Veritiv Co. (NYSE:VRTV) Shares Sold by Putnam Investments LLC

Putnam Investments LLC trimmed its holdings in shares of Veritiv Co. (NYSE:VRTV – Get Rating) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,315 shares of the basic materials company’s stock after selling 239 shares during the period. Putnam Investments LLC owned approximately 0.10% of Veritiv worth $1,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VRTV. US Bancorp DE lifted its stake in Veritiv by 1,390.0% during the 1st 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 period. Carolinas Wealth Consulting LLC acquired a new position in shares of Veritiv in the 1st quarter valued at $67,000. Lazard Asset Management LLC lifted its stake in shares of Veritiv by 243.4% in the 1st quarter. Lazard Asset Management LLC now owns 910 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 645 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Veritiv by 94.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,298 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 631 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Veritiv by 61.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,838 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 701 shares during the period. 97.74% of the stock is currently owned by institutional investors and hedge funds.

Veritiv Stock Performance

VRTV opened at $123.43 on Tuesday. The stock has a market cap of $1.67 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.40 and a beta of 2.07. The firm has a fifty day moving average price of $128.96 and a 200 day moving average price of $122.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.01 and a quick ratio of 1.42. Veritiv Co. has a 1 year low of $94.50 and a 1 year high of $161.84.

Veritiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 9th will be given a $0.63 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. Veritiv’s dividend payout ratio (DPR) is 10.82%.

Veritiv Company Profile

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Veritiv Corp. operates as a business-to-business distributor of print, publishing, packaging, facility solutions, print and publishing products and services. The firm provides logistics and supply chain management solutions to its customers. It operates through the following segments: Print, Publishing, Packaging and Facility Solutions.