Rhumbline Advisers Raises Stake in Veritiv Corp (VRTV)
Rhumbline Advisers lifted its stake in shares of Veritiv Corp (NYSE:VRTV) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,931 shares of the basic materials company’s stock after acquiring an additional 7,614 shares during the quarter. Rhumbline Advisers owned approximately 0.23% of Veritiv worth $922,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio boosted its stake in shares of Veritiv by 13.5% during the fourth quarter. Strs Ohio now owns 21,900 shares of the basic materials company’s stock valued at $546,000 after purchasing an additional 2,600 shares in the last quarter. Credit Suisse AG boosted its stake in Veritiv by 18.9% in the third quarter. Credit Suisse AG now owns 14,416 shares of the basic materials company’s stock valued at $525,000 after acquiring an additional 2,290 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Veritiv in the third quarter valued at approximately $279,000. Vanguard Group Inc boosted its stake in Veritiv by 11.3% in the third quarter. Vanguard Group Inc now owns 710,919 shares of the basic materials company’s stock valued at $25,878,000 after acquiring an additional 72,027 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Veritiv by 14.9% in the fourth quarter. State of Alaska Department of Revenue now owns 4,230 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
NYSE:VRTV opened at $26.80 on Friday. Veritiv Corp has a 12 month low of $23.02 and a 12 month high of $51.00. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.45 and a quick ratio of 1.64. The firm has a market cap of $413.60 million, a PE ratio of 11.31 and a beta of 1.14.
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Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.
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