Veritiv Corp. (NYSE:VRTV) major shareholder Bain Capital Investors Llc sold 1,756,160 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $42.87, for a total transaction of $75,286,579.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Veritiv Corp. (NYSE:VRTV) opened at 50.10 on Friday. Veritiv Corp. has a 52 week low of $27.44 and a 52 week high of $56.70. The firm has a 50-day moving average of $52.33 and a 200-day moving average of $45.73. The company has a market cap of $801.65 million, a price-to-earnings ratio of 30.04 and a beta of 1.42.

Veritiv Corp. (NYSE:VRTV) last posted its earnings results on Wednesday, November 9th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by $0.87. The company earned $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Veritiv Corp. had a return on equity of 7.15% and a net margin of 0.32%. Veritiv Corp.’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that Veritiv Corp. will post $2.13 earnings per share for the current year.

A number of research analysts recently issued reports on VRTV shares. Zacks Investment Research cut shares of Veritiv Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 12th. Vertical Research cut shares of Veritiv Corp. from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a report on Tuesday, November 8th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in shares of Veritiv Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 510,216 shares of the company’s stock worth $19,011,000 after buying an additional 2,809 shares during the period. American Century Companies Inc. acquired a new position in shares of Veritiv Corp. during the second quarter worth about $762,000. Monarch Partners Asset Management LLC acquired a new position in shares of Veritiv Corp. during the second quarter worth about $220,000. GSA Capital Partners LLP raised its position in shares of Veritiv Corp. by 322.5% in the second quarter. GSA Capital Partners LLP now owns 57,885 shares of the company’s stock worth $2,175,000 after buying an additional 44,185 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Veritiv Corp. by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 52,090 shares of the company’s stock worth $1,958,000 after buying an additional 3,234 shares during the period. 97.55% of the stock is owned by hedge funds and other institutional investors.

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About Veritiv Corp.

Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. Veritiv operates through four segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment.

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