Vident Investment Advisory LLC Takes Position in Domtar Corporation (UFS)

Vident Investment Advisory LLC purchased a new position in Domtar Corporation (NYSE:UFS) (TSE:UFS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,839 shares of the basic materials company’s stock, valued at approximately $253,000.

A number of other large investors have also bought and sold shares of UFS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Domtar by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock worth $100,000 after buying an additional 320 shares in the last quarter. Bridgewater Associates LP acquired a new stake in shares of Domtar during the second quarter worth approximately $200,000. Teacher Retirement System of Texas acquired a new stake in shares of Domtar during the third quarter worth approximately $224,000. World Asset Management Inc acquired a new stake in shares of Domtar during the third quarter worth approximately $226,000. Finally, WBI Investments Inc. acquired a new stake in shares of Domtar during the second quarter worth approximately $271,000. 91.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Domtar Corporation (NYSE UFS) opened at $49.81 on Thursday. Domtar Corporation has a 52 week low of $35.47 and a 52 week high of $49.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29. The company has a market cap of $3,088.92, a P/E ratio of 18.18, a PEG ratio of 3.73 and a beta of 1.54.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.30. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. Domtar’s revenue was up 1.7% compared to the same quarter last year. analysts anticipate that Domtar Corporation will post 2.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.33%. Domtar’s dividend payout ratio (DPR) is currently 59.50%.

Several research firms have recently weighed in on UFS. KeyCorp set a $33.00 price objective on shares of Domtar and gave the stock a “sell” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Domtar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. DA Davidson raised their price objective on shares of Domtar to $37.00 and gave the stock an “underperform” rating in a report on Monday, October 30th. National Bank Financial raised their price objective on shares of Domtar from $42.00 to $46.00 and gave the stock a “sector perform” rating in a report on Monday, October 30th. Finally, Stephens assumed coverage on shares of Domtar in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $43.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.30.

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Domtar Company Profile

Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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