Trexquant Investment LP increased its position in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 46.6% in the 1st quarter, Holdings Channel reports. The firm owned 13,077 shares of the basic materials company’s stock after purchasing an additional 4,157 shares during the quarter. Trexquant Investment LP’s holdings in Domtar were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in UFS. Schwab Charles Investment Management Inc. lifted its holdings in Domtar by 7.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 309,945 shares of the basic materials company’s stock worth $15,349,000 after purchasing an additional 21,117 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Domtar by 644.5% during the 4th quarter. Acadian Asset Management LLC now owns 371,502 shares of the basic materials company’s stock worth $18,397,000 after purchasing an additional 321,603 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in Domtar during the 4th quarter worth approximately $243,000. Ingalls & Snyder LLC acquired a new stake in Domtar during the 4th quarter worth approximately $485,000. Finally, Regentatlantic Capital LLC acquired a new stake in Domtar during the 4th quarter worth approximately $315,000. 95.25% of the stock is owned by institutional investors and hedge funds.
Get Domtar alerts:Shares of NYSE UFS opened at $46.82 on Friday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.86 and a beta of 1.64. The company has a quick ratio of 1.26, a current ratio of 2.34 and a debt-to-equity ratio of 0.44. Domtar Corp has a fifty-two week low of $35.72 and a fifty-two week high of $52.58.
Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Domtar had a positive return on equity of 7.45% and a negative net margin of 3.42%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. equities research analysts forecast that Domtar Corp will post 3.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Tuesday, July 3rd will be issued a $0.435 dividend. The ex-dividend date of this dividend is Monday, July 2nd. This represents a $1.74 annualized dividend and a yield of 3.72%. Domtar’s dividend payout ratio is presently 66.92%.
In other news, insider Michael Fagan sold 23,674 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $44.87, for a total transaction of $1,062,252.38. Following the completion of the transaction, the insider now owns 19,477 shares of the company’s stock, valued at approximately $873,932.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John David Williams sold 68,556 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $45.28, for a total value of $3,104,215.68. Following the transaction, the chief executive officer now directly owns 55,242 shares of the company’s stock, valued at approximately $2,501,357.76. The disclosure for this sale can be found here. Insiders sold a total of 187,590 shares of company stock valued at $8,567,118 over the last ninety days. Insiders own 0.95% of the company’s stock.
Several analysts recently weighed in on the company. Scotiabank reissued a “sector perform” rating and set a $43.00 price target on shares of Domtar in a report on Wednesday, May 2nd. TheStreet raised Domtar from a “c” rating to a “b-” rating in a report on Tuesday, May 1st. Zacks Investment Research raised Domtar from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, May 1st. National Bank Financial lifted their price target on Domtar from $42.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 2nd. Finally, ValuEngine cut Domtar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Domtar has a consensus rating of “Hold” and an average price target of $44.25.
Domtar Profile
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
Want to see what other hedge funds are holding UFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domtar Corp (NYSE:UFS) (TSE:UFS).
No comments:
Post a Comment