Chicago Equity Partners LLC decreased its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 299,820 shares of the basic materials company’s stock after selling 22,875 shares during the period. Chicago Equity Partners LLC’s holdings in Domtar were worth $10,533,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Retirement Systems of Alabama raised its stake in Domtar by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 81,556 shares of the basic materials company’s stock worth $2,865,000 after buying an additional 277 shares in the last quarter. Arizona State Retirement System grew its holdings in Domtar by 1.1% in the fourth quarter. Arizona State Retirement System now owns 45,147 shares of the basic materials company’s stock worth $1,586,000 after purchasing an additional 488 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new position in Domtar in the fourth quarter worth $26,000. Wedge Capital Management L L P NC grew its holdings in Domtar by 10.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 9,273 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 884 shares during the last quarter. Finally, SignalPoint Asset Management LLC grew its holdings in Domtar by 10.6% in the fourth quarter. SignalPoint Asset Management LLC now owns 13,572 shares of the basic materials company’s stock worth $477,000 after purchasing an additional 1,303 shares during the last quarter. 89.23% of the stock is owned by institutional investors.
NYSE UFS opened at $49.65 on Friday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.77 and a beta of 1.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.34 and a current ratio of 2.03. Domtar Corp has a 12-month low of $33.81 and a 12-month high of $54.50.
Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Tuesday, February 5th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Domtar had a net margin of 5.19% and a return on equity of 11.59%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. Sell-side analysts anticipate that Domtar Corp will post 5.63 EPS for the current year.
UFS has been the topic of several analyst reports. TheStreet lowered shares of Domtar from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. Vertical Research raised shares of Domtar from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Thursday, November 1st. Raymond James set a $49.00 price target on shares of Domtar and gave the stock a “hold” rating in a report on Thursday, November 1st. Royal Bank of Canada lifted their price target on shares of Domtar from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Finally, Citigroup lifted their price target on shares of Domtar from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Domtar has an average rating of “Hold” and an average target price of $49.17.
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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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