Boston Partners increased its position in Viad Corp (NYSE:VVI) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,153 shares of the business services provider’s stock after buying an additional 2,105 shares during the period. Boston Partners’ holdings in Viad were worth $3,555,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in shares of Viad in the 4th quarter valued at about $27,000. Investors Research Corp acquired a new stake in shares of Viad in the 1st quarter valued at about $28,000. Bank of Montreal Can grew its stake in shares of Viad by 123.6% in the 4th quarter. Bank of Montreal Can now owns 1,196 shares of the business services provider’s stock valued at $60,000 after buying an additional 661 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Viad in the 1st quarter valued at about $206,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Viad by 904.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,248 shares of the business services provider’s stock valued at $239,000 after buying an additional 3,825 shares during the period. Institutional investors own 89.83% of the company’s stock.
Several analysts have recently commented on the company. Zacks Investment Research downgraded Viad from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research note on Tuesday.
VVI stock opened at $61.40 on Thursday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 26.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.52 and a quick ratio of 0.48. Viad Corp has a 52-week low of $46.17 and a 52-week high of $62.92.
Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.76) by $0.25. The business had revenue of $285.60 million during the quarter, compared to the consensus estimate of $272.40 million. Viad had a return on equity of 10.56% and a net margin of 3.13%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.49) EPS. On average, analysts forecast that Viad Corp will post 2.6 EPS for the current year.
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Viad Company Profile
Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.
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