Los Angeles Capital Management & Equity Research Inc. increased its stake in Domtar Corp (NYSE:UFS) (TSE:UFS) by 16.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,646 shares of the basic materials company’s stock after purchasing an additional 31,000 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.34% of Domtar worth $10,756,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Brandywine Global Investment Management LLC raised its position in shares of Domtar by 4.4% during the 4th quarter. Brandywine Global Investment Management LLC now owns 218,947 shares of the basic materials company’s stock valued at $7,692,000 after purchasing an additional 9,232 shares during the period. American Century Companies Inc. raised its position in shares of Domtar by 5,973.2% during the 4th quarter. American Century Companies Inc. now owns 795,532 shares of the basic materials company’s stock valued at $27,947,000 after purchasing an additional 782,433 shares during the period. Retirement Systems of Alabama increased its holdings in Domtar by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 81,556 shares of the basic materials company’s stock valued at $2,865,000 after acquiring an additional 277 shares during the last quarter. Vanguard Group Inc. increased its holdings in Domtar by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,430,521 shares of the basic materials company’s stock valued at $335,480,000 after acquiring an additional 257,488 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Domtar by 5.2% in the 3rd quarter. Federated Investors Inc. PA now owns 202,562 shares of the basic materials company’s stock valued at $10,568,000 after acquiring an additional 10,086 shares during the last quarter. Institutional investors own 92.72% of the company’s stock.
UFS has been the topic of a number of research reports. TD Securities lifted their price target on shares of Domtar from $45.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, February 6th. Raymond James reiterated a “market perform” rating and issued a $51.00 price target on shares of Domtar in a report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Domtar from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Friday, April 12th. TheStreet upgraded shares of Domtar from a “c” rating to a “b” rating in a report on Wednesday, February 6th. Finally, Royal Bank of Canada downgraded shares of Domtar from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $50.00 to $55.00 in a report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $52.25.
Shares of UFS stock traded down $0.93 during trading hours on Wednesday, reaching $43.05. 322,848 shares of the stock were exchanged, compared to its average volume of 724,080. Domtar Corp has a 12-month low of $33.81 and a 12-month high of $54.50. The company has a current ratio of 2.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.77 billion, a PE ratio of 9.34 and a beta of 1.96.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.08. Domtar had a net margin of 5.63% and a return on equity of 12.88%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Domtar Corp will post 5.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 2nd will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, July 1st. This is a boost from Domtar’s previous quarterly dividend of $0.44. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.23%. Domtar’s payout ratio is currently 37.74%.
In other Domtar news, insider Michael Fagan sold 11,834 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $51.13, for a total value of $605,072.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John David Williams sold 47,176 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $52.30, for a total transaction of $2,467,304.80. Following the completion of the sale, the chief executive officer now directly owns 16,373 shares of the company’s stock, valued at $856,307.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,402 shares of company stock valued at $6,309,471. 0.95% of the stock is owned by corporate insiders.
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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