Veritiv Corp. (VRTV) Position Maintained by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System continued to hold its stake in shares of Veritiv Corp. (NYSE:VRTV) during the second quarter, Holdings Channel reports. The fund owned 5,631 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System’s holdings in Veritiv Corp. were worth $212,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Monarch Partners Asset Management LLC purchased a new stake in Veritiv Corp. during the second quarter worth $220,000. American Century Companies Inc. purchased a new stake in Veritiv Corp. during the second quarter worth $762,000. 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 during the period. Spark Investment Management LLC raised its stake in Veritiv Corp. by 505.3% in the first quarter. Spark Investment Management LLC now owns 45,400 shares of the company’s stock worth $1,691,000 after buying an additional 37,900 shares during the period. Finally, Menta Capital LLC purchased a new stake in Veritiv Corp. during the first quarter worth $421,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.
Shares of Veritiv Corp. (NYSE:VRTV) traded down 0.28% during trading on Wednesday, hitting $52.80. 15,367 shares of the stock were exchanged. The stock’s 50 day moving average price is $50.51 and its 200-day moving average price is $43.33. Veritiv Corp. has a one year low of $27.44 and a one year high of $54.80. The company has a market cap of $844.80 million, a price-to-earnings ratio of 23.60 and a beta of 1.50.
Veritiv Corp. (NYSE:VRTV) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.10. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. Veritiv Corp. had a return on equity of 11.04% and a net margin of 0.42%. On average, analysts predict that Veritiv Corp. will post $2.77 EPS for the current year.
Separately, Zacks Investment Research raised shares of Veritiv Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday.
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.
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