MetLife Investment Management LLC Sells 444 Shares of Veritiv Co. (NYSE:VRTV)

MetLife Investment Management LLC reduced its position in Veritiv Co. (NYSE:VRTV – Get Rating) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,168 shares of the basic materials company’s stock after selling 444 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Veritiv worth $701,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VRTV. US Bancorp DE lifted its stake in Veritiv by 1,390.0% during the 1st quarter. US Bancorp DE now owns 447 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 417 shares in the last quarter. Carolinas Wealth Consulting LLC bought a new stake in shares of Veritiv during the 1st quarter worth $67,000. Lazard Asset Management LLC raised its stake in shares of Veritiv by 243.4% during the 1st quarter. Lazard Asset Management LLC now owns 910 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 645 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Veritiv by 94.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,298 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 631 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Veritiv by 19.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,563 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 253 shares during the period. 97.74% of the stock is currently owned by institutional investors.

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Veritiv Trading Up 0.1 %

NYSE VRTV opened at $151.63 on Thursday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.53 and a beta of 2.15. Veritiv Co. has a one year low of $94.50 and a one year high of $161.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.42. The business’s fifty day moving average is $127.90 and its 200-day moving average is $122.99.

Veritiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 9th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, March 8th. Veritiv’s payout ratio is 11.58%.

Veritiv Company Profile

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Veritiv Corp. operates as a business-to-business distributor of print, publishing, packaging, facility solutions, print and publishing products and services. The firm provides logistics and supply chain management solutions to its customers. It operates through the following segments: Print, Publishing, Packaging and Facility Solutions.

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