Hancock Whitney Corp grew its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 34.7% during the first quarter, Holdings Channel.com reports. The firm owned 91,529 shares of the basic materials company’s stock after acquiring an additional 23,602 shares during the quarter. Hancock Whitney Corp’s holdings in Domtar were worth $1,981,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackay Shields LLC boosted its position in Domtar by 1,982.4% during the fourth quarter. Mackay Shields LLC now owns 331,457 shares of the basic materials company’s stock worth $12,675,000 after purchasing an additional 315,540 shares during the period. Janus Henderson Group PLC bought a new position in Domtar during the fourth quarter worth $275,000. Acadian Asset Management LLC boosted its position in shares of Domtar by 30.8% in the fourth quarter. Acadian Asset Management LLC now owns 564,045 shares of the basic materials company’s stock valued at $21,570,000 after acquiring an additional 132,776 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Domtar by 65.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,395 shares of the basic materials company’s stock valued at $6,672,000 after acquiring an additional 69,295 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of Domtar by 24.4% in the first quarter. Texas Permanent School Fund now owns 48,753 shares of the basic materials company’s stock valued at $1,055,000 after acquiring an additional 9,578 shares during the period. Institutional investors own 96.65% of the company’s stock.
Shares of Domtar stock opened at $19.71 on Friday. Domtar Corp has a 1 year low of $18.40 and a 1 year high of $44.76. The firm has a market cap of $1.11 billion, a PE ratio of 12.74 and a beta of 1.78. The stock has a fifty day moving average price of $21.41 and a 200-day moving average price of $31.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.06 and a quick ratio of 1.08.
UFS has been the subject of a number of recent research reports. TD Securities boosted their target price on shares of Domtar from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, May 11th. KeyCorp reissued a “hold” rating on shares of Domtar in a research note on Friday, January 24th. Raymond James set a $24.00 target price on Domtar and gave the stock a “market perform” rating in a research note on Monday, May 11th. BMO Capital Markets upgraded Domtar from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $36.00 to $30.00 in a report on Thursday, March 12th. Finally, Bank of America cut Domtar from a “buy” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Monday, March 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Domtar currently has a consensus rating of “Hold” and a consensus target price of $31.18.
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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