Michael Fagan Sells 23,674 Shares of Domtar Corp (UFS) Stock
Domtar Corp (NYSE:UFS) (TSE:UFS) insider Michael Fagan sold 23,674 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $44.87, for a total transaction of $1,062,252.38. Following the sale, the insider now directly owns 19,477 shares in the company, valued at approximately $873,932.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Domtar Corp (UFS) opened at $45.38 on Friday. The company has a market cap of $2,850.00, a price-to-earnings ratio of -7.19, a PEG ratio of 2.98 and a beta of 1.63. Domtar Corp has a 1-year low of $35.47 and a 1-year high of $52.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.22.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Domtar had a negative net margin of 4.11% and a positive return on equity of 6.02%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. analysts predict that Domtar Corp will post 3 earnings per share for the current fiscal year.
UFS has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Domtar from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, December 27th. Raymond James Financial cut shares of Domtar from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Royal Bank of Canada cut shares of Domtar from an “outperform” rating to a “sector perform” rating and set a $50.00 price objective on the stock. in a report on Friday, January 12th. They noted that the move was a valuation call. Stephens set a $53.00 target price on shares of Domtar and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine cut shares of Domtar from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Domtar currently has an average rating of “Hold” and an average price target of $44.33.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in Domtar by 1.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,816 shares of the basic materials company’s stock valued at $992,000 after buying an additional 435 shares during the period. CIBC World Markets Inc. increased its stake in Domtar by 15.0% in the 4th quarter. CIBC World Markets Inc. now owns 7,780 shares of the basic materials company’s stock valued at $385,000 after buying an additional 1,013 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Domtar by 41.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock valued at $182,000 after buying an additional 1,070 shares during the period. Renaissance Group LLC increased its stake in Domtar by 11.4% in the 3rd quarter. Renaissance Group LLC now owns 11,282 shares of the basic materials company’s stock valued at $490,000 after buying an additional 1,157 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Domtar by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 20,120 shares of the basic materials company’s stock valued at $996,000 after buying an additional 1,219 shares during the period. 92.13% of the stock is currently owned by institutional investors.
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Domtar Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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