New Mexico Educational Retirement Board lessened its position in Domtar Corp (NYSE:UFS) (TSE:UFS) by 13.6% in the 4th quarter, Holdings Channel reports. The fund owned 12,700 shares of the basic materials company’s stock after selling 2,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Domtar were worth $446,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its holdings in shares of Domtar by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 81,556 shares of the basic materials company’s stock worth $2,865,000 after acquiring an additional 277 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Domtar by 1.1% in the 4th quarter. Arizona State Retirement System now owns 45,147 shares of the basic materials company’s stock worth $1,586,000 after acquiring an additional 488 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of Domtar in the 4th quarter worth about $26,000. SignalPoint Asset Management LLC lifted its holdings in shares of Domtar by 10.6% in the 4th quarter. SignalPoint Asset Management LLC now owns 13,572 shares of the basic materials company’s stock worth $477,000 after acquiring an additional 1,303 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Domtar by 144.8% in the 4th quarter. IFP Advisors Inc now owns 2,269 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 1,342 shares during the last quarter. Hedge funds and other institutional investors own 90.06% of the company’s stock.
Shares of UFS opened at $49.65 on Monday. Domtar Corp has a 1-year low of $33.81 and a 1-year high of $54.50. The stock has a market cap of $3.12 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.77 and a beta of 1.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 1.06.
Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Tuesday, February 5th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.01. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. Domtar had a net margin of 5.19% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Research analysts forecast that Domtar Corp will post 5.63 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on UFS shares. Zacks Investment Research upgraded shares of Domtar from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine lowered shares of Domtar from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 11th. Vertical Research upgraded shares of Domtar from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Thursday, November 1st. Bank of America lifted their price objective on shares of Domtar from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, TD Securities lifted their price objective on shares of Domtar from $45.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.17.
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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.
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