Today Veritiv Corp (VRTV) Stock Rises

September 17, 2017 - By Marie Mckinney

Investors sentiment increased to 1.73 in Q4 2016. Its up 0.28, from 1.45 in 2016Q3. It improved, as 17 investors sold Veritiv Corp shares while 34 reduced holdings. 25 funds opened positions while 63 raised stakes. 14.59 million shares or 3.58% less from 15.13 million shares in 2016Q3 were reported.
Matarin Mngmt Ltd Liability Corporation reported 0% in Veritiv Corp (NYSE:VRTV). Washington-based Parametric Portfolio Ltd Llc has invested 0% in Veritiv Corp (NYSE:VRTV). 5,631 were accumulated by State Board Of Administration Of Florida Retirement System. Trust Department Mb National Bank N A owns 0% invested in Veritiv Corp (NYSE:VRTV) for 4 shares. Ameriprise invested in 48,964 shares or 0% of the stock. Louisiana State Employees Retirement System accumulated 3,800 shares. 3 are held by Tci Wealth Advsrs. Tradewinds Cap Mgmt Lc has 3 shares. Washington National Bank has invested 0% in Veritiv Corp (NYSE:VRTV). 19,728 are held by State Teachers Retirement Sys. Advisory Research holds 118,412 shares. State Of Alaska Department Of Revenue owns 1,030 shares. Synovus Fincl has 260 shares. accumulated 1 shares. First Quadrant Lp Ca holds 0.01% or 7,681 shares.

Since March 22, 2017, it had 4 insider purchases, and 1 insider sale for $96.74 million activity. Lazzaro Thomas S bought $204,500 worth of stock or 5,000 shares. On Friday, May 5 Watkoske Daniel J bought $41,500 worth of Veritiv Corp (NYSE:VRTV) or 1,000 shares. Another trade for 1.80 million shares valued at $97.45 million was sold by BAIN CAPITAL INVESTORS LLC. Laschinger Mary A also bought $254,431 worth of Veritiv Corp (NYSE:VRTV) shares.

The stock of Veritiv Corp (NYSE:VRTV) is a huge mover today! The stock increased 4.68% or $1.45 on September 15, reaching $32.45. About 264,006 shares traded or 136.43% up from the average. Veritiv Corp (NYSE:VRTV) has risen 28.48% since September 17, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.
The move comes after 7 months positive chart setup for the $509.47 million company. It was reported on Sep, 17 by Barchart.com. We have $35.37 PT which if reached, will make NYSE:VRTV worth $45.85M more.

Wall Street await Veritiv Corp (NYSE:VRTV) to release earnings on November, 8. Analysts forecast earnings per share of $1.14, up exactly $0.80 or 235.29 % from 2014’s $0.34 EPS. The expected VRTV’s profit could reach $17.90M giving the stock 7.12 P/E in the case that $1.14 earnings per share is reported. After posting $0.88 EPS for the previous quarter, Veritiv Corp’s analysts now forecast 29.55 % EPS growth.

Veritiv Corp (NYSE:VRTV) Ratings Coverage

Among 6 analysts covering Veritiv Corp (NYSE:VRTV), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Veritiv Corp had 10 analyst reports since November 18, 2015 according to SRatingsIntel. The rating was upgraded by Wells Fargo on Thursday, May 18 to “Outperform”. Bank of America initiated the stock with “Buy” rating in Wednesday, January 11 report. Wells Fargo initiated the shares of VRTV in report on Wednesday, March 15 with “Market Perform” rating. The stock of Veritiv Corp (NYSE:VRTV) earned “Buy” rating by SunTrust on Thursday, August 3. Barclays Capital maintained Veritiv Corp (NYSE:VRTV) on Monday, August 7 with “Underweight” rating. The stock of Veritiv Corp (NYSE:VRTV) has “Hold” rating given on Tuesday, November 8 by Vertical Research. Barclays Capital downgraded the stock to “Underweight” rating in Friday, January 8 report. William Blair downgraded Veritiv Corp (NYSE:VRTV) on Thursday, August 3 to “Market Perform” rating. Bank of America downgraded the shares of VRTV in report on Thursday, August 3 to “Hold” rating.

More notable recent Veritiv Corp (NYSE:VRTV) news were published by: Fool.com which released: “Why Pandora Media, athenahealth, and Veritiv Corporation Jumped Today” on May 18, 2017, also Seekingalpha.com with their article: “Veritiv Corp’s (VRTV) CEO Mary Laschinger on Q1 2017 Results – Earnings Call …” published on May 03, 2017, Bizjournals.com published: “Georgia’s largest woman-run company makes first acquisition since going public” on September 05, 2017. More interesting news about Veritiv Corp (NYSE:VRTV) were released by: Prnewswire.com and their article: “Veritiv Completes Acquisition of All American Containers” published on September 05, 2017 as well as Cincinnati.com‘s news article titled: “Veritiv opens Fairfield operations center” with publication date: November 28, 2016.

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The company has market cap of $509.47 million. The Firm also provides logistics and supply chain management solutions to its customers. It currently has negative earnings. The Company’s divisions are Print, Publishing & Print Management , Packaging, Facility Solutions, and Corporate & Other.

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