GSA Capital Partners LLP trimmed its position in Veritiv Corp (NYSE:VRTV) by 51.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,570 shares of the basic materials company’s stock after selling 15,467 shares during the period. GSA Capital Partners LLP owned about 0.09% of Veritiv worth $581,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in VRTV. Schwab Charles Investment Management Inc. lifted its stake in Veritiv by 21.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 246,792 shares of the basic materials company’s stock valued at $9,835,000 after buying an additional 43,239 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Veritiv by 79.5% in the second quarter. Russell Investments Group Ltd. now owns 9,805 shares of the basic materials company’s stock valued at $391,000 after buying an additional 4,342 shares during the last quarter. Strs Ohio lifted its stake in Veritiv by 10.1% in the second quarter. Strs Ohio now owns 19,700 shares of the basic materials company’s stock valued at $785,000 after buying an additional 1,800 shares during the last quarter. Alps Advisors Inc. bought a new stake in Veritiv in the second quarter valued at $236,000. Finally, IndexIQ Advisors LLC lifted its stake in Veritiv by 9.7% in the second quarter. IndexIQ Advisors LLC now owns 55,802 shares of the basic materials company’s stock valued at $2,224,000 after buying an additional 4,949 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.
A number of research firms have issued reports on VRTV. Zacks Investment Research cut Veritiv from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. TheStreet raised Veritiv from a “d+” rating to a “c” rating in a report on Monday, August 13th. ValuEngine raised Veritiv from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Finally, SunTrust Banks raised their price target on Veritiv to $40.00 and gave the company a “hold” rating in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $35.60.
Shares of VRTV opened at $48.45 on Friday. The firm has a market cap of $762.99 million, a PE ratio of -57.00 and a beta of 0.56. The company has a current ratio of 2.32, a quick ratio of 1.53 and a debt-to-equity ratio of 1.81. Veritiv Corp has a one year low of $20.35 and a one year high of $51.00.
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.
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