Tracy A. Leinbach Buys 5,000 Shares of Veritiv Corporation (VRTV) Stock

Veritiv Corporation (NYSE:VRTV) Director Tracy A. Leinbach acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $23.69 per share, with a total value of $118,450.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Veritiv Corporation (NYSE:VRTV) traded up $0.90 during trading on Friday, reaching $24.50. The company’s stock had a trading volume of 58,303 shares, compared to its average volume of 139,010. Veritiv Corporation has a fifty-two week low of $20.35 and a fifty-two week high of $62.60. The firm has a market cap of $384.65, a P/E ratio of 9.25 and a beta of 1.22. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of 1.81.

COPYRIGHT VIOLATION NOTICE: This story was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://stocknewstimes.com/2017/11/19/tracy-a-leinbach-buys-5000-shares-of-veritiv-corporation-vrtv-stock.html.

Several equities research analysts have recently commented on VRTV shares. SunTrust Banks, Inc. raised Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Thursday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research raised Veritiv Corporation from a “sell” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, October 5th. TheStreet downgraded Veritiv Corporation from a “c-” rating to a “d+” rating in a report on Monday, August 21st. BidaskClub raised Veritiv Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Wells Fargo & Company downgraded Veritiv Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.00.

A number of institutional investors have recently made changes to their positions in VRTV. Alliancebernstein L.P. increased its position in Veritiv Corporation by 14.1% during the 1st quarter. Alliancebernstein L.P. now owns 4,834 shares of the basic materials company’s stock worth $250,000 after buying an additional 598 shares during the period. Legal & General Group Plc increased its position in Veritiv Corporation by 22.9% during the 1st quarter. Legal & General Group Plc now owns 20,027 shares of the basic materials company’s stock worth $1,036,000 after buying an additional 3,738 shares during the period. Thrivent Financial For Lutherans increased its position in Veritiv Corporation by 30.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,600 shares of the basic materials company’s stock worth $342,000 after buying an additional 1,550 shares during the period. Vanguard Group Inc. increased its position in Veritiv Corporation by 28.1% during the 1st quarter. Vanguard Group Inc. now owns 582,988 shares of the basic materials company’s stock worth $30,199,000 after buying an additional 127,926 shares during the period. Finally, Geode Capital Management LLC increased its position in Veritiv Corporation by 27.2% during the 1st quarter. Geode Capital Management LLC now owns 93,120 shares of the basic materials company’s stock worth $4,823,000 after buying an additional 19,895 shares during the period. 93.45% of the stock is owned by institutional investors and hedge funds.

Veritiv Corporation 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.

Insider Buying and Selling by Quarter for Veritiv Corporation (NYSE:VRTV)

Receive News & Ratings for Veritiv Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritiv Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply