Allspring Global Investments Holdings LLC decreased its stake in Veritiv Co. (NYSE:VRTV – Free Report) by 17.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,636 shares of the basic materials company’s stock after selling 343 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Veritiv were worth $205,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. Mackenzie Financial Corp increased its stake in shares of Veritiv by 3.3% in the first quarter. Mackenzie Financial Corp now owns 2,254 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 73 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Veritiv in the 1st quarter worth approximately $506,000. Advisor Group Holdings Inc. lifted its holdings in shares of Veritiv by 44.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 518 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 160 shares during the last quarter. FMR LLC raised its holdings in Veritiv by 1.4% during the 1st quarter. FMR LLC now owns 11,892 shares of the basic materials company’s stock valued at $1,607,000 after buying an additional 160 shares during the last quarter. Finally, WealthPLAN Partners LLC bought a new stake in Veritiv during the 1st quarter valued at $27,000. Institutional investors own 99.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Veritiv in a research report on Monday. They issued a “buy” rating on the stock.
Veritiv Stock Up 0.0 %
NYSE:VRTV opened at $169.64 on Monday. The firm’s 50-day moving average price is $168.94 and its 200-day moving average price is $144.61. The company has a market capitalization of $2.30 billion, a PE ratio of 7.64, a P/E/G ratio of 0.54 and a beta of 2.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.02 and a quick ratio of 1.42. Veritiv Co. has a 1-year low of $101.50 and a 1-year high of $169.85.
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.
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