Pacer Advisors Inc. lifted its position in Domtar Corp (NYSE:UFS) (TSE:UFS) by 234.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,929 shares of the basic materials company’s stock after buying an additional 25,903 shares during the period. Pacer Advisors Inc. owned about 0.06% of Domtar worth $1,644,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. TD Capital Management LLC purchased a new position in Domtar in the 2nd quarter worth about $39,000. Advisory Services Network LLC bought a new stake in shares of Domtar in the second quarter worth approximately $50,000. AGF Investments LLC raised its holdings in shares of Domtar by 75.1% during the second quarter. AGF Investments LLC now owns 1,250 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 536 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Domtar during the first quarter valued at approximately $262,000. Finally, AE Wealth Management LLC bought a new position in Domtar during the second quarter valued at approximately $244,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.
UFS has been the subject of a number of research reports. Scotiabank set a $45.00 target price on shares of Domtar and gave the company a “hold” rating in a research note on Friday, August 30th. TheStreet lowered shares of Domtar from a “b” rating to a “c+” rating in a research report on Thursday, August 1st. BMO Capital Markets cut shares of Domtar from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $52.00 to $39.00 in a report on Wednesday, July 3rd. ValuEngine downgraded shares of Domtar from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Vertical Group cut shares of Domtar from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $49.93.
UFS stock traded down $0.17 during trading on Wednesday, reaching $35.30. The company’s stock had a trading volume of 19,310 shares, compared to its average volume of 668,367. The company has a quick ratio of 1.09, a current ratio of 2.20 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $35.58 and its 200-day moving average is $43.63. The company has a market capitalization of $2.14 billion, a P/E ratio of 7.71 and a beta of 1.97. Domtar Corp has a 1 year low of $31.72 and a 1 year high of $54.50.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.30). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Domtar had a return on equity of 12.48% and a net margin of 5.21%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Analysts anticipate that Domtar Corp will post 3.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Tuesday, October 1st. Domtar’s dividend payout ratio (DPR) 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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