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Oregon Public Employees Retirement Fund Sells 195 Shares of Veritiv Co. (NYSE:VRTV)


Oregon Public Employees Retirement Fund cut its stake in Veritiv Co. (NYSE:VRTVGet Rating) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,268 shares of the basic materials company’s stock after selling 195 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Veritiv were worth $704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its holdings in Veritiv by 2.3% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 6,183 shares of the basic materials company’s stock worth $758,000 after purchasing an additional 141 shares in the last quarter. Strs Ohio grew its position in shares of Veritiv by 7.3% in the 4th quarter. Strs Ohio now owns 5,900 shares of the basic materials company’s stock worth $723,000 after buying an additional 400 shares during the period. Barclays PLC increased its stake in shares of Veritiv by 47.4% in the 4th quarter. Barclays PLC now owns 19,435 shares of the basic materials company’s stock worth $2,381,000 after acquiring an additional 6,248 shares in the last quarter. Yousif Capital Management LLC purchased a new position in Veritiv during the 4th quarter valued at about $1,563,000. Finally, Inspire Investing LLC bought a new stake in Veritiv during the first quarter worth about $235,000. Institutional investors and hedge funds own 88.32% of the company’s stock.

Separately, StockNews.com initiated coverage on Veritiv in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock.

NYSE VRTV opened at $101.76 on Friday. The business’s fifty day moving average price is $128.06 and its 200-day moving average price is $121.17. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.38 and a beta of 2.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.96 and a quick ratio of 1.52. Veritiv Co. has a 1-year low of $55.28 and a 1-year high of $161.10.

Veritiv (NYSE:VRTVGet Rating) last released its quarterly earnings results on Monday, May 9th. The basic materials company reported $5.12 earnings per share for the quarter, beating the consensus estimate of $3.73 by $1.39. The firm had revenue of $1.86 billion for the quarter. Veritiv had a return on equity of 33.45% and a net margin of 2.82%. During the same period in the previous year, the company earned $1.28 earnings per share. Equities research analysts anticipate that Veritiv Co. will post 18.4 EPS for the current year.

Veritiv Company Profile (Get Rating)

Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing).

Further Reading

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Institutional Ownership by Quarter for Veritiv (NYSE:VRTV)



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