Janney Montgomery Scott LLC increased its stake in Domtar Corp (NYSE:UFS) (TSE:UFS) by 125.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,399 shares of the basic materials company’s stock after buying an additional 6,895 shares during the period. Janney Montgomery Scott LLC’s holdings in Domtar were worth $444,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of UFS. First Trust Advisors LP increased its position in Domtar by 9.6% during the 1st quarter. First Trust Advisors LP now owns 85,197 shares of the basic materials company’s stock valued at $4,230,000 after purchasing an additional 7,470 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Domtar by 5.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 135,339 shares of the basic materials company’s stock valued at $6,719,000 after purchasing an additional 6,951 shares during the period. WINTON GROUP Ltd increased 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 valued at $1,313,000 after purchasing an additional 14,045 shares during the period. Oregon Public Employees Retirement Fund increased its position in Domtar by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,351 shares of the basic materials company’s stock valued at $1,129,000 after purchasing an additional 360 shares during the period. Finally, NEXT Financial Group Inc purchased a new position in Domtar during the 2nd quarter valued at about $355,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on UFS shares. TheStreet downgraded shares of Domtar from a “b” rating to a “c+” rating in a research report on Thursday, August 1st. Vertical Research raised shares of Domtar from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Citigroup cut their target price on shares of Domtar from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. TD Securities raised their target price on shares of Domtar from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, ValuEngine raised shares of Domtar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Domtar presently has a consensus rating of “Hold” and an average target price of $47.27.
NYSE:UFS opened at $38.11 on Friday. Domtar Corp has a fifty-two week low of $31.72 and a fifty-two week high of $53.89. The stock has a market capitalization of $2.20 billion, a P/E ratio of 8.27 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. The company’s 50-day simple moving average is $35.86 and its 200-day simple moving average is $39.21.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results 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. Domtar had a net margin of 3.82% and a return on equity of 11.17%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $1.46 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. On average, research analysts forecast that Domtar Corp will post 3.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Tuesday, December 31st. Domtar’s dividend payout ratio is currently 39.48%.
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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