The research staff at StockNews.com started providing coverage of Veritiv on Thursday by distributing a message to investors (NYSE: VRTV).
The company’s stock that supplies basic materials has been given a “strong-buy” rating by the institution that rates companies.
NYSE: opening The going rate for VRTV was $121.09 per thirty minutes on Thursday.
During its 52-week trading range, Veritiv experienced a new all-time low of $94.50 and a new all-time high of $161.84.
A debt-to-equity ratio comes in at 0.35; a quick ratio at 1.42; a current ratio at 2.01; and a quick ratio at 1.42.
The company’s P.E. ratio is 5.20, its PEG ratio is 0.40, and its beta value is 2.07.
The market capitalization of the company is currently valued at $1.64 billion, while its P.E. ratio, PEG ratio, and beta value are as follows: The current price of the company’s stock is $129.23 higher than its moving average over the past 50 days, but it is $122.56 lower than its moving average over the past 200 days.
In a research note published on Tuesday, Bank of America increased its target price on Veritiv shares from $150.00 to $162.00.
Several prominent investors have been seen modifying their stock holdings in recent months.
In the first three months of 2018, Mackenzie Financial Corporation made a 3.3% increase in the amount of Veritiv stock that it owned, bringing its total ownership percentage to 98.7%.
After making an additional purchase of 73 shares during the most recent quarter, Mackenzie Financial Corp.
Is now the proud owner of 2,254 shares in the company specializing in primary materials.
These shares are currently worth $301,000 at the current market price.
The amount of capital that SummerHaven Investment Management LLC had invested in Veritiv before the end of the fourth quarter increased by 1.2% due to the increase. SummerHaven Investment Management LLC now has 7,411 shares held by the basic materials company after acquiring an additional 87 shares during the most recent fiscal quarter.
These shares have a value of approximately $90,000 each.
The New York State Teachers Retirement System increased the proportion of Veritiv stock it held in its portfolio by 0.4 percentage points over the third quarter.
The New York State Teachers Retirement System now owns 23,501 shares of the fundamental materials company after purchasing an additional 100 shares during the most recent quarter.
The value of the system’s holdings in the fundamental materials company is currently $2,298,000.
During the third quarter of 2018, Money Concepts Capital Corp.
Increased the percentage of Veritiv stock it held in its portfolio by 5.0 percent. Following the acquisition of 120 shares of the company’s stock during the most recent fiscal quarter, Money Concepts Capital Corp. now holds 2,497 shares, with a combined value of 244,000 dollars.
These shares are in the basic materials business (as of December 31st).
During the second quarter, Martingale Asset Management L.P.
Boosted Veritiv stock owned by 1.8%, making this the last and most important point.
Martingale Asset Management L.P. now has a total of 7,812 shares of stock in the basic materials business, which has a value of $848,000 after purchasing an additional 140 shares during the most recent fiscal quarter.
This brings the total number of shares owned by the company to 7,812.
The vast majority of the company’s stock, which accounts for 97.74 percent of the total, is owned by institutional investors.
Veritiv Corporation is a business-to-business (B2B) distributor of products and services related to print and publishing, packaging, facility solutions, and print and publishing.
The company’s primary focus is on the print and publishing industries. Customers can rely on the company to provide them with solutions for various logistics and supply chain management problems they may be experiencing.
Printing and publishing, as well as facility solutions and packaging, are the business divisions it operates under.