The New Uww Holdings Holding in Veritiv Corp
Uww Holdings filed with the SEC SC 13D/A form for Veritiv Corp. The form can be accessed here: 000119312516776474. As reported in Uww Holdings’s form, the filler as of late owns 38.8% or 6,083,840 shares of the -company.
Veritiv Corp stake is a new one for the and it was filed because of activity on November 17, 2016. We feel this shows Uww Holdings’s positive view for the stock.
Reasons Why Uww Holdings Bought – Veritiv Corp Stock
Item4. Purpose of Transaction
Item 4 of the Original Schedule 13D is hereby amended and restated in its entirety as follows:
The information set forth in Item 6 of this Statement is hereby incorporated herein by reference.
The Reporting Person holds the Common Stock for investment purposes. In its capacity as a significant stockholder of the Issuer, the ReportingPerson intends to take an active role in working with the Issuer’s management on operational, financial and strategic initiatives.As a result of Seth A. Meisel’s resignation from the Issuer’s board of directors (and thecommittees thereof) on November 4, 2015, no member of the board of managers of UWWH currently serves on the Issuer’s board of directors.The Reporting Person reviews and intends to continue to review, on an ongoing and continuing basis,its investment in the Issuer. Depending upon the factors discussed below and subject to applicable law and the agreements described in Item 6 below, including that described under the heading “Registration Rights Agreement,” the ReportingPerson may from time to time acquire additional securities of the Issuer or sell or otherwise dispose of some or all of its securities of the Issuer. Any transactions that the Reporting Person may pursue may be made at any time and from time to timewithout prior notice and will depend upon a variety of factors, including, without limitation, current and anticipated future trading prices of the securities of the Issuer, the financial condition, results of operations and prospects of the Issuer,general economic, financial market and industry conditions, other investment and business opportunities available to the Reporting Person, tax considerations and other factors.
Other than as described above, or in Item 6 of this Statement, the Reporting Person currently has no plans or proposals that relate to orwould result in any of the transactions involving the Issuer described in subparagraphs (a) through (j) of Item 4 of Schedule 13D (although the Reporting Person may from time to time consider pursuing or proposing any such transactions and, in thatconnection, may discuss, evaluate and/or pursue any such transactions with their advisors, the Issuer or other persons).
Item5. Interest inSecurities of the Issuer.
Veritiv Corp Institutional Sentiment
Latest Security and Exchange filings show 165 investors own Veritiv Corp. The institutional ownership in Q3 2015 is high, at 95.80% of the outstanding shares. This is increased by 250098 the total institutional shares. 15328053 were the shares owned by these institutional investors. In total 16 funds opened new Veritiv Corp stakes, 46 increased stakes. There were 26 that closed positions and 46 reduced them.
Weber Alan W is an institutional investor bullish on Veritiv Corp, owning 19000 shares as of Q3 2015 for 0.64% of its portfolio. Marc Majzner Clearline Capital Lp owns 204566 shares or 1.28% of its portfolio. MA Baupost Group Llc have 1.73% of their stock portfolio for 2795693 shares. Further, Kestrel Investment Management Corp reported stake worth 2.35% of its US stock portfolio. The MA Bain Capital Investors Llc owns 7840000 shares. Veritiv Corp is 4.16% of the manager’s US portfolio.
Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. Veritiv operates through four segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers and specialty businesses. The Packaging segment provides standard and custom packaging solutions. The Facility Solutions segment sources and sells cleaning, break-room and other supplies, such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.49, from 0.96 in 2016Q1. The ratio increased, as 13 funds sold all Veritiv Corp shares owned while 42 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 15.53 million shares or 1.59% less from 15.78 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa owns 2,583 shares or 0% of their US portfolio. Moreover, Amer Century Cos has 0% invested in Veritiv Corp (NYSE:VRTV) for 20,279 shares. National Bank Of New York Mellon Corp holds 80,074 shares or 0% of its portfolio. Northern Corp holds 0% or 95,715 shares in its portfolio. Moreover, Strs Ohio has 0% invested in Veritiv Corp (NYSE:VRTV) for 16,500 shares. Deutsche Natl Bank Ag holds 0% or 15,631 shares in its portfolio. The California-based Wells Fargo Com Mn has invested 0% in Veritiv Corp (NYSE:VRTV). Qs Investors Ltd Limited Liability Company, a New York-based fund reported 7 shares. Meeder Asset Management owns 1,372 shares or 0% of their US portfolio. Tiaa Cref Investment Mngmt Limited Liability Com holds 0% or 39,172 shares in its portfolio. First Manhattan holds 111 shares or 0% of its portfolio. Principal Gru has 0% invested in the company for 57,423 shares. Ls Invest Advsr Lc holds 0% or 274 shares in its portfolio. Teachers Retirement Of The State Of Kentucky owns 5,222 shares or 0% of their US portfolio. Jpmorgan Chase Com holds 52,090 shares or 0% of its portfolio.
Analysts await Veritiv Corp (NYSE:VRTV) to report earnings on March, 21. They expect $0.62 EPS, down 29.55% or $0.26 from last year’s $0.88 per share. VRTV’s profit will be $10.63M for 20.20 P/E if the $0.62 EPS becomes a reality. After $0.34 actual EPS reported by Veritiv Corp for the previous quarter, Wall Street now forecasts 82.35% EPS growth.
The stock increased 1.42% or $0.7 on November 23, hitting $50.1. About 90,110 shares traded hands. Veritiv Corp (NYSE:VRTV) has risen 23.13% since April 21, 2016 and is uptrending. It has outperformed by 17.80% the S&P500.
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The company has a market cap of $859.04 million. Veritiv operates through four divisions: Print, Publishing, Packaging and Facility Solutions. It has a 29.9 P/E ratio. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment.
Veritiv Corp (NYSE:VRTV) Ratings Coverage
Out of 2 analysts covering Veritiv Corp (NYSE:VRTV), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. $45 is the highest target while $32 is the lowest. The $32 average target is -36.13% below today’s ($50.1) stock price. Veritiv Corp has been the topic of 3 analyst reports since November 18, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded Veritiv Corp (NYSE:VRTV) rating on Friday, January 8. Barclays Capital has “Underweight” rating and $32 price target. On Tuesday, November 8 the stock rating was downgraded by Vertical Research to “Hold”.
More news for Veritiv Corp (NYSE:VRTV) were recently published by: Rttnews.com, which released: “Veritiv Corp. (VRTV) Has Dropped To A 3-Month Low After Secondary Offering” on November 18, 2016. Cincinnati.com‘s article titled: “Veritiv moving 400 jobs to Fairfield” and published on January 25, 2016 is yet another important article.
According to Zacks Investment Research, “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.”
VRTV Company Profile
Veritiv Corporation (Veritiv), incorporated on July 10, 2013, is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The Firm operates from approximately 180 distribution centers primarily across the United States, Canada and Mexico, serving clients across a range of industries. The Firm operates through four divisions: Print, Publishing, Packaging and Facility Solutions. The Firm provides services to printers, publishers, commercial printing, data centers, manufacturers, higher education institutions, healthcare facilities, sporting and performance arenas, retail stores, government agencies, property managers and building service contractors. The Veritiv Logistics Solutions business provides transportation and warehousing solutions.
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