Dimensional Fund Advisors LP increased its stake in shares of Veritiv Corporation (NYSE:VRTV) by 16.3% during the first quarter, Holdings Channel reports. The fund owned 477,575 shares of the basic materials company’s stock after buying an additional 67,030 shares during the period. Dimensional Fund Advisors LP’s holdings in Veritiv Corporation were worth $24,737,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in VRTV. Victory Capital Management Inc. boosted its stake in Veritiv Corporation by 44.2% in the first quarter. Victory Capital Management Inc. now owns 1,951 shares of the basic materials company’s stock valued at $101,000 after buying an additional 598 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Veritiv Corporation during the first quarter valued at about $121,000. Mason Street Advisors LLC boosted its stake in Veritiv Corporation by 30.5% in the first quarter. Mason Street Advisors LLC now owns 2,685 shares of the basic materials company’s stock valued at $139,000 after buying an additional 628 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Veritiv Corporation by 4.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,951 shares of the basic materials company’s stock valued at $153,000 after buying an additional 122 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Veritiv Corporation by 23.7% in the first quarter. Louisiana State Employees Retirement System now owns 4,700 shares of the basic materials company’s stock valued at $243,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 88.83% of the company’s stock.

Veritiv Corporation (NYSE VRTV) traded up 1.696% on Monday, hitting $28.475. 18,355 shares of the company were exchanged. Veritiv Corporation has a 52-week low of $27.90 and a 52-week high of $62.60. The stock’s market capitalization is $447.03 million. The stock’s 50-day moving average price is $42.41 and its 200-day moving average price is $48.72.

Veritiv Corporation (NYSE:VRTV) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.32. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. Veritiv Corporation’s revenue was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Veritiv Corporation will post $1.89 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Veritiv Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. William Blair cut shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday. Wells Fargo & Company upgraded shares of Veritiv Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 18th. Finally, SunTrust Banks, Inc. upgraded shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Veritiv Corporation has an average rating of “Hold” and an average target price of $50.75.

In other news, SVP Thomas S. Lazzaro acquired 5,000 shares of Veritiv Corporation stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of $40.90 per share, with a total value of $204,500.00. Following the purchase, the senior vice president now owns 17,505 shares in the company, valued at $715,954.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Veritiv Corporation Company Profile

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.

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Institutional Ownership by Quarter for Veritiv Corporation (NYSE:VRTV)

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