Mutual of America Capital Management LLC Has $267,000 Stock Position in Veritiv Co. (NYSE:VRTV)

Mutual of America Capital Management LLC increased its position in Veritiv Co. (NYSE:VRTVGet Rating) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,997 shares of the basic materials company’s stock after purchasing an additional 102 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Veritiv were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Veritiv by 17.4% in the fourth quarter. Geode Capital Management LLC now owns 292,344 shares of the basic materials company’s stock worth $35,832,000 after purchasing an additional 43,224 shares during the period. Bank of America Corp DE increased its position in Veritiv by 20.7% in the fourth quarter. Bank of America Corp DE now owns 215,896 shares of the basic materials company’s stock worth $26,462,000 after purchasing an additional 37,042 shares during the period. JPMorgan Chase & Co. increased its position in Veritiv by 8.9% in the fourth quarter. JPMorgan Chase & Co. now owns 196,898 shares of the basic materials company’s stock worth $24,133,000 after purchasing an additional 16,038 shares during the period. Renaissance Technologies LLC increased its position in Veritiv by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 124,100 shares of the basic materials company’s stock worth $15,211,000 after purchasing an additional 23,400 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Veritiv by 31.2% in the first quarter. Assenagon Asset Management S.A. now owns 97,026 shares of the basic materials company’s stock worth $12,962,000 after purchasing an additional 23,073 shares during the period. 88.32% of the stock is currently owned by institutional investors and hedge funds.

Veritiv Price Performance

Shares of VRTV opened at $123.50 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.52 and a debt-to-equity ratio of 0.75. Veritiv Co. has a 1 year low of $59.95 and a 1 year high of $161.10. The stock has a market cap of $1.81 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.45 and a beta of 2.13. The stock’s 50-day moving average price is $122.89 and its two-hundred day moving average price is $121.77.

Veritiv (NYSE:VRTVGet Rating) last issued its earnings results on Monday, May 9th. The basic materials company reported $5.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $1.39. Veritiv had a return on equity of 33.45% and a net margin of 2.82%. The firm had revenue of $1.86 billion for the quarter. During the same quarter last year, the business posted $1.28 EPS. On average, equities analysts predict that Veritiv Co. will post 18.4 earnings per share for the current year.

Veritiv Company Profile

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Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing).

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