Core-Mark Holding Company, Inc. (NASDAQ:CORE) insider Eric Rolheiser sold 6,471 shares of Core-Mark stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $22.50, for a total transaction of $145,597.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Core-Mark Holding Company, Inc. (CORE) opened at $22.45 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.06 and a current ratio of 2.13. Core-Mark Holding Company, Inc. has a 12-month low of $19.53 and a 12-month high of $38.37. The stock has a market capitalization of $1,036.02, a P/E ratio of 22.01, a P/E/G ratio of 1.69 and a beta of 0.65.
Core-Mark (NASDAQ:CORE) last issued its quarterly earnings data on Thursday, March 1st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Core-Mark had a return on equity of 8.84% and a net margin of 0.21%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. analysts predict that Core-Mark Holding Company, Inc. will post 1.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.40 annualized dividend and a yield of 1.78%. Core-Mark’s dividend payout ratio (DPR) is presently 55.56%.
A number of equities research analysts have recently issued reports on CORE shares. Zacks Investment Research upgraded shares of Core-Mark from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Stephens downgraded shares of Core-Mark from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 5th. William Blair began coverage on Core-Mark in a research report on Wednesday, January 3rd. They set an “outperform” rating for the company. UBS upgraded Core-Mark from an “outperform” rating to a “strong-buy” rating in a research report on Friday, January 5th. Finally, BidaskClub downgraded Core-Mark from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.17.
A number of institutional investors and hedge funds have recently modified their holdings of CORE. SG Americas Securities LLC acquired a new position in Core-Mark in the 3rd quarter valued at $117,000. Zions Bancorporation acquired a new position in Core-Mark in the 3rd quarter valued at $161,000. Sei Investments Co. raised its holdings in Core-Mark by 44.0% in the 3rd quarter. Sei Investments Co. now owns 8,356 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 2,554 shares during the last quarter. Parametrica Management Ltd acquired a new position in Core-Mark in the 4th quarter valued at $281,000. Finally, California Public Employees Retirement System raised its holdings in Core-Mark by 23.5% in the 2nd quarter. California Public Employees Retirement System now owns 10,500 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 97.82% of the company’s stock.
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Core-Mark Company Profile
Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.
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