Citadel Advisors LLC grew its holdings in shares of Veritiv Corp (NYSE:VRTV) by 440.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,367 shares of the basic materials company’s stock after buying an additional 50,011 shares during the quarter. Citadel Advisors LLC owned approximately 0.39% of Veritiv worth $1,994,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Alliancebernstein L.P. increased its stake in shares of Veritiv by 14.1% during the 1st quarter. Alliancebernstein L.P. now owns 4,834 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 598 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Veritiv by 28.1% during the 1st quarter. Vanguard Group Inc. now owns 582,988 shares of the basic materials company’s stock worth $30,199,000 after purchasing an additional 127,926 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Veritiv by 27.2% during the 1st quarter. Geode Capital Management LLC now owns 93,120 shares of the basic materials company’s stock worth $4,823,000 after purchasing an additional 19,895 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Veritiv by 16.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 477,575 shares of the basic materials company’s stock worth $24,737,000 after purchasing an additional 67,030 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Veritiv by 154.6% during the 1st quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company’s stock worth $1,860,000 after purchasing an additional 21,800 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Veritiv Corp (VRTV) traded up $0.75 on Tuesday, reaching $27.40. 69,500 shares of the company were exchanged, compared to its average volume of 112,718. Veritiv Corp has a twelve month low of $20.35 and a twelve month high of $62.60. The firm has a market cap of $418.41, a price-to-earnings ratio of 10.06 and a beta of 1.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.51 and a current ratio of 2.36.

VRTV has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Veritiv from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded shares of Veritiv from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. William Blair lowered shares of Veritiv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. TheStreet lowered shares of Veritiv from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Finally, Barclays decreased their price target on shares of Veritiv from $25.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Veritiv currently has a consensus rating of “Hold” and a consensus target price of $33.00.

In related news, Chairman Mary A. Laschinger purchased 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average price of $30.22 per share, for a total transaction of $99,726.00. Following the purchase, the chairman now owns 63,993 shares in the company, valued at $1,933,868.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tracy A. Leinbach acquired 5,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $23.69 per share, with a total value of $118,450.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 28,300 shares of company stock worth $690,776. 0.25% of the stock is owned by company insiders.

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About Veritiv

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.

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Institutional Ownership by Quarter for Veritiv (NYSE:VRTV)

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