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Oregon Public Employees Retirement Fund Trims Stock Holdings in Veritiv Co. (NYSE:VRTV)

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Oregon Public Employees Retirement Fund decreased its holdings in Veritiv Co. (NYSE:VRTVGet Rating) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,268 shares of the basic materials company’s stock after selling 195 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Veritiv were worth $704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its stake in shares of Veritiv by 2.3% in the fourth 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 stake in Veritiv by 7.3% during the fourth quarter. Strs Ohio now owns 5,900 shares of the basic materials company’s stock valued at $723,000 after acquiring an additional 400 shares in the last quarter. Barclays PLC grew its stake in Veritiv by 47.4% during the fourth quarter. Barclays PLC now owns 19,435 shares of the basic materials company’s stock valued at $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 fourth quarter valued at approximately $1,563,000. Finally, Inspire Investing LLC purchased a new position in Veritiv during the first quarter valued at approximately $235,000. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Shares of NYSE:VRTV opened at $101.76 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.52 and a debt-to-equity ratio of 0.75. Veritiv Co. has a 12 month low of $55.28 and a 12 month high of $161.10. The stock has a market cap of $1.49 billion, a P/E ratio of 7.86, a P/E/G ratio of 0.38 and a beta of 2.15. The company has a 50 day moving average of $128.06 and a 200 day moving average of $121.17.

Veritiv (NYSE:VRTVGet Rating) last released its quarterly earnings results on Monday, May 9th. The basic materials company reported $5.12 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $1.39. Veritiv had a net margin of 2.82% and a return on equity of 33.45%. The business had revenue of $1.86 billion during the quarter. During the same period in the prior year, the firm earned $1.28 EPS. On average, equities analysts forecast that Veritiv Co. will post 18.4 earnings per share for the current fiscal year.

Separately, StockNews.com assumed coverage on shares of Veritiv in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company.

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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