Foundry Partners LLC Takes Position in Domtar Corporation (NYSE:UFS)
Foundry Partners LLC purchased a new position in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 133,704 shares of the basic materials company’s stock, valued at approximately $5,137,000. Foundry Partners LLC owned 0.21% of Domtar Corporation at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in UFS. BlackRock Inc. raised its position in Domtar Corporation by 8,753.9% in the first quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock worth $378,971,000 after buying an additional 10,259,859 shares in the last quarter. Fairpointe Capital LLC raised its position in Domtar Corporation by 29.7% in the first quarter. Fairpointe Capital LLC now owns 3,664,354 shares of the basic materials company’s stock worth $133,822,000 after buying an additional 839,266 shares in the last quarter. Renaissance Technologies LLC raised its position in Domtar Corporation by 1,243.6% in the first quarter. Renaissance Technologies LLC now owns 280,042 shares of the basic materials company’s stock worth $10,227,000 after buying an additional 259,200 shares in the last quarter. Advisors Asset Management Inc. raised its position in Domtar Corporation by 31.0% in the first quarter. Advisors Asset Management Inc. now owns 682,107 shares of the basic materials company’s stock worth $24,911,000 after buying an additional 161,497 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Domtar Corporation by 88,696.7% in the second quarter. Acadian Asset Management LLC now owns 135,859 shares of the basic materials company’s stock worth $5,219,000 after buying an additional 135,706 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.
Domtar Corporation (NYSE UFS) opened at 38.10 on Monday. The company’s 50-day moving average is $38.41 and its 200-day moving average is $38.39. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 14.53 and a beta of 1.49. Domtar Corporation has a 12 month low of $33.99 and a 12 month high of $44.58.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Domtar Corporation will post $2.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio (DPR) is presently 63.36%.
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UFS has been the topic of a number of recent analyst reports. Scotiabank lifted their price target on shares of Domtar Corporation from $38.50 to $40.50 and gave the company a “sector perform” rating in a research report on Friday, April 28th. ValuEngine raised shares of Domtar Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TD Securities reissued a “hold” rating and issued a $42.00 price target on shares of Domtar Corporation in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Finally, KeyCorp initiated coverage on shares of Domtar Corporation in a research report on Thursday, July 6th. They issued an “underweight” rating and a $33.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Domtar Corporation currently has an average rating of “Hold” and an average price target of $41.20.
Domtar Corporation Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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