Citadel Advisors LLC boosted its holdings in Veritiv Corporation (NYSE:VRTV) by 68.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,356 shares of the basic materials company’s stock after purchasing an additional 4,629 shares during the period. Citadel Advisors LLC owned about 0.07% of Veritiv Corporation worth $511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Veritiv Corporation by 44.2% in the first quarter. Victory Capital Management Inc. now owns 1,951 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 598 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Veritiv Corporation by 78.0% in the second quarter. State of Alaska Department of Revenue now owns 2,260 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 990 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Veritiv Corporation by 30.5% in the first quarter. Mason Street Advisors LLC now owns 2,685 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 628 shares during the last quarter. SG Americas Securities LLC purchased a new position in Veritiv Corporation in the second quarter valued at about $124,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Veritiv Corporation by 4.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,951 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 122 shares during the last quarter. 93.10% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. William Blair downgraded Veritiv Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. TheStreet downgraded Veritiv Corporation from a “c-” rating to a “d+” rating in a report on Monday, August 21st. BidaskClub downgraded Veritiv Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Bank of America Corporation downgraded Veritiv Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $36.00 in a report on Thursday, August 3rd. Finally, Barclays PLC reduced their price target on Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating for the company in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Veritiv Corporation currently has an average rating of “Hold” and a consensus price target of $39.20.

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Veritiv Corporation (NYSE:VRTV) opened at 32.50 on Monday. Veritiv Corporation has a 12-month low of $26.85 and a 12-month high of $62.60. The firm’s 50-day moving average price is $30.25 and its 200-day moving average price is $40.16. The company’s market cap is $510.25 million.

Veritiv Corporation (NYSE:VRTV) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. The firm’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that Veritiv Corporation will post $1.48 EPS for the current year.

In other Veritiv Corporation news, Chairman Mary A. Laschinger acquired 3,300 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $30.22 per share, for a total transaction of $99,726.00. Following the completion of the purchase, the chairman now owns 63,993 shares of the company’s stock, valued at approximately $1,933,868.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Veritiv Corporation Company Profile

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.

Institutional Ownership by Quarter for Veritiv Corporation (NYSE:VRTV)

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