Ajo LP acquired a new position in shares of Veritiv Corp. (NYSE:VRTV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,531 shares of the company’s stock, valued at approximately $433,000. Ajo LP owned approximately 0.07% of Veritiv Corp. as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VRTV. Geode Capital Management LLC raised its stake in Veritiv Corp. by 1.1% in the first quarter. Geode Capital Management LLC now owns 52,784 shares of the company’s stock worth $1,966,000 after buying an additional 564 shares in the last quarter. Royal Bank of Canada raised its stake in Veritiv Corp. by 85.6% in the first quarter. Royal Bank of Canada now owns 3,322 shares of the company’s stock worth $124,000 after buying an additional 1,532 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Veritiv Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 510,216 shares of the company’s stock valued at $19,011,000 after buying an additional 2,809 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Veritiv Corp. by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 52,090 shares of the company’s stock valued at $1,958,000 after buying an additional 3,234 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Veritiv Corp. by 8.5% in the first quarter. Prudential Financial Inc. now owns 52,211 shares of the company’s stock valued at $1,945,000 after buying an additional 4,108 shares in the last quarter. 97.49% of the stock is currently owned by institutional investors.

Shares of Veritiv Corp. (NYSE:VRTV) traded up 0.12% on Friday, reaching $49.87. 7,045 shares of the company traded hands. The stock has a market capitalization of $797.92 million, a P/E ratio of 22.29 and a beta of 1.49. Veritiv Corp. has a one year low of $27.44 and a one year high of $52.49. The stock’s 50 day moving average price is $48.85 and its 200-day moving average price is $41.42.

Veritiv Corp. (NYSE:VRTV) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.10. The company earned $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Veritiv Corp. had a net margin of 0.42% and a return on equity of 11.04%. Equities analysts forecast that Veritiv Corp. will post $2.77 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Veritiv Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 12th.

About Veritiv Corp.

Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The Company operates from more than 180 distribution centers primarily throughout the United States, Canada and Mexico, serving customers across a d range of industries.

5 Day Chart for NYSE:VRTV

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