Lazard Asset Management LLC Sells 442 Shares of Veritiv Co. (NYSE:VRTV)

Posted by on Mar 5th, 2023

Lazard Asset Management LLC lessened its stake in shares of Veritiv Co. (NYSE:VRTV – Get Rating) by 25.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,311 shares of the basic materials company’s stock after selling 442 shares during the quarter. Lazard Asset Management LLC’s holdings in Veritiv were worth $128,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in VRTV. US Bancorp DE boosted its stake in shares of Veritiv by 1,390.0% during the 1st quarter. US Bancorp DE now owns 447 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 417 shares in the last quarter. Carolinas Wealth Consulting LLC acquired a new position in shares of Veritiv during the 1st quarter worth about $67,000. Tower Research Capital LLC TRC lifted its position 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 last quarter. Nisa Investment Advisors LLC lifted its position 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Veritiv by 61.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,838 shares of the basic materials company’s stock worth $180,000 after purchasing an additional 701 shares during the last quarter. Institutional investors own 97.74% of the company’s stock.

Veritiv Price Performance

NYSE VRTV opened at $141.00 on Friday. Veritiv Co. has a twelve month low of $94.50 and a twelve month high of $161.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.42 and a current ratio of 2.01. The stock has a market capitalization of $1.91 billion, a PE ratio of 6.05, a P/E/G ratio of 0.44 and a beta of 2.07. The stock has a 50-day simple moving average of $128.41 and a 200 day simple moving average of $123.06.

Veritiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 9th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 1.79%. Veritiv’s dividend payout ratio is presently 10.82%.

Veritiv 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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Institutional Ownership by Quarter for Veritiv (NYSE:VRTV)

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