Brinker Capital Inc. lifted its position in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 18.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,165 shares of the basic materials company’s stock after buying an additional 2,335 shares during the period. Brinker Capital Inc.’s holdings in Domtar were worth $543,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in Domtar by 29.8% during the 2nd quarter. Prudential Financial Inc. now owns 959,129 shares of the basic materials company’s stock worth $42,710,000 after purchasing an additional 219,940 shares during the period. ARP Americas LP boosted its position in Domtar by 76.8% during the 2nd quarter. ARP Americas LP now owns 32,700 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 14,200 shares during the period. WINTON GROUP Ltd boosted its position in Domtar by 91.0% during the 2nd quarter. WINTON GROUP Ltd now owns 29,487 shares of the basic materials company’s stock worth $1,313,000 after purchasing an additional 14,045 shares during the period. GSA Capital Partners LLP boosted its position in Domtar by 51.9% during the 2nd quarter. GSA Capital Partners LLP now owns 20,182 shares of the basic materials company’s stock worth $899,000 after purchasing an additional 6,899 shares during the period. Finally, Advisor Group Inc. boosted its position in Domtar by 8.0% during the 2nd quarter. Advisor Group Inc. now owns 11,605 shares of the basic materials company’s stock worth $517,000 after purchasing an additional 861 shares during the period. Institutional investors and hedge funds own 95.03% of the company’s stock.
NYSE:UFS opened at $37.66 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.09. The firm has a 50-day moving average of $34.98 and a two-hundred day moving average of $40.08. The stock has a market cap of $2.25 billion, a P/E ratio of 8.17 and a beta of 1.97. Domtar Corp has a 1-year low of $31.72 and a 1-year high of $53.89.
Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.31. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Domtar had a net margin of 5.21% and a return on equity of 12.48%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 EPS. As a group, equities analysts expect that Domtar Corp will post 2.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were given a $0.455 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.82 dividend on an annualized basis and a yield of 4.83%. Domtar’s payout ratio is currently 39.48%.
A number of analysts recently weighed in on UFS shares. Vertical Group cut shares of Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. TD Securities upped their price target on shares of Domtar from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday. Scotiabank set a $45.00 price target on shares of Domtar and gave the stock a “hold” rating in a research report on Friday, August 30th. Citigroup decreased their price target on shares of Domtar from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, BMO Capital Markets cut shares of Domtar from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $52.00 to $39.00 in a research report on Wednesday, July 3rd. Three equities 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 a consensus rating of “Hold” and an average price target of $48.46.
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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