Domtar Corp (NYSE:UFS) (TSE:UFS) VP Daniel Buron sold 16,853 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $45.99, for a total transaction of $775,069.47. Following the completion of the sale, the vice president now owns 19,101 shares in the company, valued at $878,454.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Domtar Corp (UFS) traded up $0.38 during trading hours on Tuesday, reaching $44.92. 339,592 shares of the company traded hands, compared to its average volume of 756,163. The company has a market cap of $2,846.45, a P/E ratio of -13.29, a price-to-earnings-growth ratio of 3.05 and a beta of 1.63. Domtar Corp has a one year low of $35.47 and a one year high of $52.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.21.
Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Domtar had a negative net margin of 4.11% and a positive return on equity of 6.02%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. analysts predict that Domtar Corp will post 2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 3.87%. This is an increase from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 29th. Domtar’s dividend payout ratio is presently -49.11%.
A number of analysts have recently weighed in on UFS shares. Zacks Investment Research upgraded shares of Domtar from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, December 27th. Raymond James Financial downgraded shares of Domtar from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. TheStreet downgraded shares of Domtar from an “a-” rating to a “c+” rating in a report on Friday, February 9th. Vertical Group upgraded shares of Domtar from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada downgraded shares of Domtar from an “outperform” rating to a “sector perform” rating and set a $50.00 target price on the stock. in a report on Friday, January 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.33.
A number of large investors have recently modified their holdings of UFS. Meeder Asset Management Inc. boosted its position in Domtar by 138.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,459 shares of the basic materials company’s stock valued at $121,000 after buying an additional 1,428 shares during the period. Cubist Systematic Strategies LLC boosted its position in Domtar by 176.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after buying an additional 1,853 shares during the period. Tower Research Capital LLC TRC boosted its position in Domtar by 1,493.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock valued at $199,000 after buying an additional 2,987 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Domtar by 41.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock valued at $182,000 after buying an additional 1,070 shares during the period. Finally, Shelton Capital Management purchased a new stake in Domtar in the 3rd quarter valued at about $206,000. Institutional investors own 94.53% of the company’s stock.
Domtar Company Profile
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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