Aviva PLC Takes Position in Veritiv Co. (NYSE:VRTV)

Aviva PLC acquired a new position in Veritiv Co. (NYSE:VRTV) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,344 shares of the basic materials company’s stock, valued at approximately $992,000.

A number of other institutional investors have also added to or reduced their stakes in VRTV. WealthPLAN Partners LLC bought a new position in Veritiv in the first quarter worth $27,000. Financial Management Professionals Inc. bought a new position in Veritiv in the first quarter worth $32,000. Amundi bought a new position in Veritiv in the fourth quarter worth $43,000. US Bancorp DE raised its holdings in Veritiv by 1,390.0% in the first quarter. US Bancorp DE now owns 447 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 417 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Veritiv by 44.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 518 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 99.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com began coverage on Veritiv in a report on Saturday, September 2nd. They issued a “buy” rating for the company. Bank of America reduced their price target on Veritiv from $159.00 to $158.00 in a report on Monday, July 10th.

Veritiv Price Performance

Shares of NYSE:VRTV opened at $168.88 on Friday. Veritiv Co. has a 1-year low of $94.50 and a 1-year high of $169.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.20 and a quick ratio of 1.42. The business has a fifty day moving average price of $149.91 and a 200-day moving average price of $131.28. The company has a market capitalization of $2.29 billion, a PE ratio of 7.60, a PEG ratio of 0.54 and a beta of 2.17.

Veritiv (NYSE:VRTV) last released its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $5.15 EPS for the quarter, topping the consensus estimate of $5.02 by $0.13. Veritiv had a return on equity of 37.30% and a net margin of 4.78%. The company had revenue of $1.46 billion during the quarter. During the same quarter in the previous year, the business posted $6.12 earnings per share. As a group, equities analysts expect that Veritiv Co. will post 20.25 EPS for the current fiscal year.

Veritiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 17th will be issued a $0.63 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.52 annualized dividend and a yield of 1.49%. Veritiv’s payout ratio is 11.35%.

Veritiv Company Profile

Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, facility solutions, and print based products and services in the United States and internationally. It operates through Packaging, Facility Solutions, and Print segments. The Packaging segment provides packaging product materials within flexible, corrugated and fiber, ancillary packaging, rigid, and equipment categories.