State of New Jersey Common Pension Fund D acquired a new stake in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,800 shares of the basic materials company’s stock, valued at approximately $2,106,000.
A number of other institutional investors have also recently made changes to their positions in the business. Prudential Financial Inc. increased its holdings in shares of Domtar by 29.8% during the second quarter. Prudential Financial Inc. now owns 959,129 shares of the basic materials company’s stock valued at $42,710,000 after acquiring an additional 219,940 shares in the last quarter. ARP Americas LP increased its holdings in shares of Domtar by 76.8% during the second quarter. ARP Americas LP now owns 32,700 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 14,200 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Domtar by 91.0% during the second quarter. WINTON GROUP Ltd now owns 29,487 shares of the basic materials company’s stock valued at $1,313,000 after acquiring an additional 14,045 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Domtar by 51.9% during the second quarter. GSA Capital Partners LLP now owns 20,182 shares of the basic materials company’s stock valued at $899,000 after acquiring an additional 6,899 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Domtar by 50.6% during the third quarter. Nisa Investment Advisors LLC now owns 31,690 shares of the basic materials company’s stock valued at $1,135,000 after acquiring an additional 10,650 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on UFS shares. Citigroup reduced their price target on Domtar from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Scotiabank set a $45.00 price target on Domtar and gave the company a “hold” rating in a report on Friday, August 30th. TheStreet downgraded Domtar from a “b” rating to a “c+” rating in a report on Thursday, August 1st. ValuEngine upgraded Domtar from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Vertical Research upgraded Domtar from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.27.
NYSE UFS opened at $38.74 on Friday. Domtar Corp has a one year low of $31.72 and a one year high of $53.89. The stock has a 50-day moving average of $35.47 and a 200 day moving average of $39.46. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 8.40 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 2.28.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.58 by $0.31. Domtar had a return on equity of 11.17% and a net margin of 3.82%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $1.46 EPS. Domtar’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities analysts predict that Domtar Corp will post 3.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.455 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.82 annualized dividend and a yield of 4.70%. Domtar’s payout ratio is 39.48%.
Domtar Company 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.
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