Robeco Institutional Asset Management B.V. Buys Shares of 184,983 Core-Mark Holding Company, Inc. (CORE)

Robeco Institutional Asset Management B.V. bought a new stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 184,983 shares of the business services provider’s stock, valued at approximately $6,868,000. Robeco Institutional Asset Management B.V. owned approximately 0.40% of Core-Mark at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System raised its position in Core-Mark by 0.5% in the 1st quarter. Arizona State Retirement System now owns 70,761 shares of the business services provider’s stock worth $2,627,000 after purchasing an additional 377 shares during the period. Versant Capital Management Inc raised its position in Core-Mark by 86.6% in the 1st quarter. Versant Capital Management Inc now owns 978 shares of the business services provider’s stock worth $36,000 after purchasing an additional 454 shares during the period. Advisor Group Inc. raised its position in Core-Mark by 32.0% in the 4th quarter. Advisor Group Inc. now owns 2,181 shares of the business services provider’s stock worth $51,000 after purchasing an additional 529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Core-Mark by 20.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,199 shares of the business services provider’s stock worth $74,000 after purchasing an additional 534 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its position in Core-Mark by 3.5% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 20,642 shares of the business services provider’s stock worth $480,000 after purchasing an additional 696 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Shares of CORE stock opened at $37.43 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 1.61. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.98 and a beta of 0.82. Core-Mark Holding Company, Inc. has a one year low of $18.13 and a one year high of $40.38.

Core-Mark (NASDAQ:CORE) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.06. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.84 billion. Core-Mark had a net margin of 0.29% and a return on equity of 12.03%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. On average, equities analysts forecast that Core-Mark Holding Company, Inc. will post 1.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 23rd will be paid a $0.11 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.18%. Core-Mark’s dividend payout ratio is currently 31.65%.

In other Core-Mark news, CAO Mathew J. Tachouet sold 3,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $36.65, for a total value of $109,950.00. Following the transaction, the chief accounting officer now directly owns 5,836 shares in the company, valued at approximately $213,889.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey L. Tepner sold 2,351 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $40.00, for a total transaction of $94,040.00. Following the completion of the transaction, the director now owns 44,370 shares in the company, valued at $1,774,800. The disclosure for this sale can be found here. Insiders sold a total of 24,901 shares of company stock worth $948,090 over the last 90 days. Insiders own 2.10% of the company’s stock.

A number of analysts recently weighed in on CORE shares. BidaskClub lowered shares of Core-Mark from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research raised shares of Core-Mark from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, February 4th. Loop Capital increased their price objective on shares of Core-Mark to $43.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Raymond James increased their price objective on shares of Core-Mark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, ValuEngine raised shares of Core-Mark from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $37.83.

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About Core-Mark

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.

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Institutional Ownership by Quarter for Core-Mark (NASDAQ:CORE)

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