Teachers Advisors LLC Has $1.03 Million Stake in Veritiv (VRTV)

Teachers Advisors LLC grew its stake in Veritiv (NYSE:VRTV) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,779 shares of the basic materials company’s stock after purchasing an additional 2,150 shares during the period. Teachers Advisors LLC owned approximately 0.23% of Veritiv worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VRTV. Alps Advisors Inc. acquired a new position in shares of Veritiv in the 4th quarter worth approximately $236,000. Stone Ridge Asset Management LLC acquired a new position in shares of Veritiv in the 4th quarter worth approximately $269,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Veritiv by 1,246.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,831 shares of the basic materials company’s stock worth $385,000 after acquiring an additional 10,952 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Veritiv by 78.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,512 shares of the basic materials company’s stock worth $390,000 after acquiring an additional 5,956 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in shares of Veritiv in the 4th quarter worth approximately $541,000. Institutional investors own 94.33% of the company’s stock.

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NYSE:VRTV opened at $37.20 on Friday. Veritiv has a 52-week low of $20.35 and a 52-week high of $53.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.53 and a current ratio of 2.33. The firm has a market cap of $591.59, a price-to-earnings ratio of -43.76, a PEG ratio of 1.64 and a beta of 0.54.

Veritiv (NYSE:VRTV) last posted its quarterly earnings data on Thursday, March 1st. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Veritiv had a positive return on equity of 9.17% and a negative net margin of 0.16%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. analysts expect that Veritiv will post 3.81 earnings per share for the current year.

VRTV has been the topic of several recent analyst reports. Zacks Investment Research raised Veritiv from a “strong sell” rating to a “hold” rating in a report on Thursday, January 25th. ValuEngine downgraded Veritiv from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Wells Fargo boosted their target price on Veritiv from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, April 2nd. They noted that the move was a valuation call. SunTrust Banks downgraded Veritiv from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Bank of America set a $39.00 target price on Veritiv and gave the stock a “buy” rating in a report on Monday, March 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.40.

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About Veritiv

Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.

Institutional Ownership by Quarter for Veritiv (NYSE:VRTV)

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