Riverhead Capital Management LLC lifted its holdings in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 286.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,122 shares of the basic materials company’s stock after buying an additional 23,076 shares during the period. Riverhead Capital Management LLC’s holdings in Domtar Corporation were worth $1,196,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UFS. BlackRock Inc. boosted its stake in shares of Domtar Corporation by 8,753.9% during the 1st quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock worth $378,971,000 after buying an additional 10,259,859 shares during the last quarter. QV Investors Inc. acquired a new position in shares of Domtar Corporation during the 2nd quarter worth about $219,260,000. Fairpointe Capital LLC boosted its stake in shares of Domtar Corporation by 29.7% during the 1st quarter. Fairpointe Capital LLC now owns 3,664,354 shares of the basic materials company’s stock worth $133,822,000 after buying an additional 839,266 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Domtar Corporation during the 2nd quarter worth about $10,436,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Domtar Corporation by 1,243.6% during the 1st quarter. Renaissance Technologies LLC now owns 280,042 shares of the basic materials company’s stock worth $10,227,000 after buying an additional 259,200 shares during the last quarter. Institutional investors own 91.20% of the company’s stock.
In other Domtar Corporation news, VP Daniel Buron sold 4,900 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $40.10, for a total value of $196,490.00. Following the transaction, the vice president now directly owns 15,126 shares in the company, valued at $606,552.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Fagan sold 4,154 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $41.40, for a total transaction of $171,975.60. Following the completion of the transaction, the insider now owns 10,649 shares in the company, valued at $440,868.60. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.
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A number of equities analysts have recently commented on UFS shares. ValuEngine downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. CIBC upgraded shares of Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a research note on Monday, June 5th. Zacks Investment Research downgraded shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Domtar Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, KeyCorp started coverage on shares of Domtar Corporation in a research note on Thursday, July 6th. They issued an “underweight” rating and a $33.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Domtar Corporation has a consensus rating of “Hold” and an average price target of $41.22.
Shares of Domtar Corporation (NYSE:UFS) opened at 42.54 on Friday. The company has a 50-day moving average of $39.64 and a 200 day moving average of $38.19. The firm has a market capitalization of $2.67 billion, a P/E ratio of 16.22 and a beta of 1.49. Domtar Corporation has a 52 week low of $33.99 and a 52 week high of $44.58.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.08. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Equities research analysts anticipate that Domtar Corporation will post $2.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s payout ratio is 63.36%.
About Domtar Corporation
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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