SignalPoint Asset Management LLC acquired a new position in Domtar Corp (NYSE:UFS) (TSE:UFS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,269 shares of the basic materials company’s stock, valued at approximately $640,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UFS. Jane Street Group LLC increased its holdings in Domtar by 80.9% in the 1st quarter. Jane Street Group LLC now owns 10,085 shares of the basic materials company’s stock worth $429,000 after buying an additional 4,509 shares in the last quarter. LPL Financial LLC purchased a new position in Domtar in the first quarter worth about $213,000. Xact Kapitalforvaltning AB boosted its position in Domtar by 45.1% in the first quarter. Xact Kapitalforvaltning AB now owns 9,002 shares of the basic materials company’s stock worth $383,000 after purchasing an additional 2,800 shares during the last quarter. Principal Financial Group Inc. boosted its position in Domtar by 2.5% in the first quarter. Principal Financial Group Inc. now owns 273,787 shares of the basic materials company’s stock worth $11,647,000 after purchasing an additional 6,663 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Domtar by 36.3% in the first quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock worth $32,490,000 after purchasing an additional 203,434 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.
Shares of UFS stock traded up $0.28 during trading hours on Wednesday, reaching $45.56. 50,812 shares of the company traded hands, compared to its average volume of 635,037. Domtar Corp has a 12-month low of $40.72 and a 12-month high of $54.50. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.84 billion, a P/E ratio of 17.52, a PEG ratio of 2.31 and a beta of 1.57.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, October 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.82%. Domtar’s payout ratio is currently 66.92%.
UFS has been the topic of several research reports. Zacks Investment Research cut Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Vertical Group cut Domtar from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Thursday, September 13th. They noted that the move was a valuation call. Citigroup raised Domtar from a “sell” rating to a “neutral” rating and raised their target price for the stock from $47.00 to $53.00 in a research report on Friday, September 7th. Vertical Research cut Domtar to a “hold” rating and set a $54.00 target price on the stock. in a research report on Thursday, September 13th. Finally, KeyCorp raised Domtar from an “underweight” rating to a “sector weight” rating in a research report on Wednesday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.62.
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.
Featured Story: Stock Symbol
Receive News & Ratings for Domtar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domtar and related companies with MarketBeat.com's FREE daily email newsletter.