Veritiv (NYSE:VRTV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Veritiv Corporation engages in offering North American business-to-business distribution solutions. It provides packaging, print and print management, publishing, supply chain, facility and logistics solutions that span the entire lifecycle of core business operations. The company’s customers vary across a number of industries, including manufacturing, healthcare, retail and more. Veritiv Corporation is headquartered in Atlanta, Georgia. “

Other research analysts have also recently issued research reports about the stock. Bank of America raised shares of Veritiv from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, November 21st. TheStreet cut shares of Veritiv from a “c-” rating to a “d+” rating in a report on Monday, August 21st. BidaskClub raised shares of Veritiv from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Wells Fargo & Company cut shares of Veritiv from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Finally, William Blair cut shares of Veritiv from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Veritiv (NYSE:VRTV) opened at $27.40 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.81. Veritiv has a fifty-two week low of $20.35 and a fifty-two week high of $62.60. The stock has a market cap of $418.41, a price-to-earnings ratio of 10.06 and a beta of 1.10.

In related news, Director Charles Ward bought 20,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $23.63 per share, for a total transaction of $472,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $472,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tracy A. Leinbach bought 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $23.69 per share, for a total transaction of $118,450.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 28,300 shares of company stock worth $690,776. 0.25% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial For Lutherans lifted its stake in shares of Veritiv by 3.9% in the second quarter. Thrivent Financial For Lutherans now owns 6,860 shares of the basic materials company’s stock worth $309,000 after buying an additional 260 shares in the last quarter. Victory Capital Management Inc. raised its stake in Veritiv by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,295 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 344 shares during the period. Nordea Investment Management AB raised its stake in Veritiv by 0.9% during the second quarter. Nordea Investment Management AB now owns 46,000 shares of the basic materials company’s stock worth $2,070,000 after purchasing an additional 400 shares during the period. Capstone Asset Management Co. raised its stake in Veritiv by 8.6% during the second quarter. Capstone Asset Management Co. now owns 7,236 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 570 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Veritiv by 14.1% during the first 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 period. Institutional investors and hedge funds own 90.02% of the company’s stock.

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Veritiv Company Profile

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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Analyst Recommendations for Veritiv (NYSE:VRTV)

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