Veritiv (VRTV) Valuation Declined While Anchor Capital Advisors Lowered Its Position; Baxter International (BAX) Shareholder Northcoast Asset Management Has Decreased Stake by $1.37 Million as Market Value Rose

January 14, 2018 - By Michael Collier

Kevin Michael Ulrich decreased its stake in Veritiv Corp (VRTV) by 19.4% based on its latest 2017Q3 regulatory filing with the SEC. Anchor Capital Advisors Llc sold 11,135 shares as the company’s stock declined 19.42% while stock markets rallied. The hedge fund run by Kevin Michael Ulrich held 46,253 shares of the paper company at the end of 2017Q3, valued at $1.50M, down from 57,388 at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in Veritiv Corp for a number of months, seems to be less bullish one the $462.37M market cap company. The stock increased 1.55% or $0.45 during the last trading session, reaching $29.45. About 39,769 shares traded. Veritiv Corporation (NYSE:VRTV) has risen 28.48% since January 14, 2017 and is uptrending. It has outperformed by 11.78% the S&P500.

Northcoast Asset Management Llc decreased its stake in Baxter International Inc (BAX) by 6.01% based on its latest 2017Q3 regulatory filing with the SEC. Northcoast Asset Management Llc sold 22,114 shares as the company’s stock rose 15.04% with the market. The institutional investor held 345,912 shares of the medical and dental instruments company at the end of 2017Q3, valued at $21.71 million, down from 368,026 at the end of the previous reported quarter. Northcoast Asset Management Llc who had been investing in Baxter International Inc for a number of months, seems to be less bullish one the $37.23B market cap company. The stock decreased 0.18% or $0.12 during the last trading session, reaching $68.34. About 2.37 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 32.55% since January 14, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.07, from 1.1 in 2017Q2. It increased, as 25 investors sold VRTV shares while 35 reduced holdings. 27 funds opened positions while 43 raised stakes. 13.79 million shares or 4.80% less from 14.48 million shares in 2017Q2 were reported. Aqr Capital Limited Liability Corporation stated it has 0% of its portfolio in Veritiv Corporation (NYSE:VRTV). Pnc Finance Ser Gp reported 0% stake. Huntington Bancorp owns 73 shares or 0% of their US portfolio. 98,643 were reported by Geode Capital Mgmt Limited Liability Corp. State Teachers Retirement System accumulated 17,931 shares. Whittier Tru Company holds 0% of its portfolio in Veritiv Corporation (NYSE:VRTV) for 55 shares. Focused Wealth owns 23 shares. American Group owns 9,052 shares or 0% of their US portfolio. Manufacturers Life The owns 9,355 shares or 0% of their US portfolio. State Street invested in 0% or 262,360 shares. State Of Tennessee Treasury Department reported 10,194 shares. The New York-based Goldman Sachs Gru Inc Inc has invested 0% in Veritiv Corporation (NYSE:VRTV). Winslow Evans Crocker Incorporated reported 0% of its portfolio in Veritiv Corporation (NYSE:VRTV). 51,322 were accumulated by Morgan Stanley. Vanguard, Pennsylvania-based fund reported 584,580 shares.

Analysts await Veritiv Corporation (NYSE:VRTV) to report earnings on March, 13. They expect $0.78 EPS, up 200.00% or $0.52 from last year’s $0.26 per share. VRTV’s profit will be $12.25 million for 9.44 P/E if the $0.78 EPS becomes a reality. After $1.13 actual EPS reported by Veritiv Corporation for the previous quarter, Wall Street now forecasts -30.97% negative EPS growth.

Anchor Capital Advisors Llc, which manages about $8.51B and $2.77 billion US Long portfolio, upped its stake in Veeco Instrs Inc Del (NASDAQ:VECO) by 16,809 shares to 42,681 shares, valued at $913,000 in 2017Q3, according to the filing. It also increased its holding in Bp Plc (NYSE:BP) by 7,940 shares in the quarter, for a total of 31,080 shares, and has risen its stake in Corecivic Inc.

Among 6 analysts covering Veritiv Corp (NYSE:VRTV), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Veritiv Corp had 14 analyst reports since November 18, 2015 according to SRatingsIntel. The stock of Veritiv Corporation (NYSE:VRTV) has “Market Perform” rating given on Thursday, August 3 by William Blair. The rating was upgraded by Bank of America on Tuesday, November 21 to “Buy”. The company was maintained on Monday, August 7 by Barclays Capital. As per Thursday, May 18, the company rating was upgraded by Wells Fargo. The firm has “Underweight” rating given on Friday, January 8 by Barclays Capital. On Wednesday, March 15 the stock rating was initiated by Wells Fargo with “Market Perform”. The rating was initiated by Bank of America with “Buy” on Wednesday, January 11. The stock of Veritiv Corporation (NYSE:VRTV) earned “Neutral” rating by Bank of America on Wednesday, November 8. The stock has “Hold” rating by Vertical Research on Tuesday, November 8. The firm earned “Hold” rating on Thursday, August 3 by Bank of America.

Investors sentiment increased to 0.97 in Q3 2017. Its up 0.05, from 0.92 in 2017Q2. It improved, as 38 investors sold BAX shares while 300 reduced holdings. 76 funds opened positions while 253 raised stakes. 439.80 million shares or 0.96% less from 444.08 million shares in 2017Q2 were reported. Community Financial Grp Inc Ltd Com invested 0.11% in Baxter International Inc. (NYSE:BAX). Stillwater Investment Ltd Com has 20,205 shares. Cornerstone Capital Management Hldgs reported 612,528 shares. Lombard Odier Asset Management (Usa) reported 70,000 shares. Highlander Ltd Company invested in 2,650 shares. Glg Ltd Co stated it has 0.11% of its portfolio in Baxter International Inc. (NYSE:BAX). Advisor Prtnrs Limited Liability Com owns 13,027 shares for 0.16% of their portfolio. Dumont & Blake Inv Advsr Limited Liability has invested 0.34% in Baxter International Inc. (NYSE:BAX). Alliancebernstein LP accumulated 901,239 shares. Camarda Fin Ltd Liability Com invested in 100 shares or 0.01% of the stock. Nuveen Asset Mngmt Ltd, Illinois-based fund reported 117,825 shares. Murphy Pohlad Asset Mngmt Limited Liability Corporation reported 51,211 shares. Columbus Circle Investors invested 0.64% of its portfolio in Baxter International Inc. (NYSE:BAX). West Oak Cap Ltd Llc has 0.26% invested in Baxter International Inc. (NYSE:BAX) for 6,989 shares. 869,628 were reported by California State Teachers Retirement Systems.

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on February, 7. They expect $0.58 earnings per share, up 1.75% or $0.01 from last year’s $0.57 per share. BAX’s profit will be $316.00 million for 29.46 P/E if the $0.58 EPS becomes a reality. After $0.64 actual earnings per share reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts -9.38% negative EPS growth.

Among 18 analysts covering Baxter International (NYSE:BAX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Baxter International had 49 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Monday, July 10 by RBC Capital Markets. The stock has “Overweight” rating by Barclays Capital on Thursday, September 15. The stock of Baxter International Inc. (NYSE:BAX) earned “Overweight” rating by Piper Jaffray on Thursday, April 14. The stock of Baxter International Inc. (NYSE:BAX) has “Overweight” rating given on Tuesday, August 11 by Barclays Capital. The rating was maintained by Leerink Swann with “Market Perform” on Wednesday, October 28. The rating was maintained by BMO Capital Markets on Tuesday, December 12 with “Buy”. RBC Capital Markets maintained it with “Hold” rating and $60.0 target in Monday, October 2 report. The stock of Baxter International Inc. (NYSE:BAX) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, July 25. UBS maintained it with “Neutral” rating and $62 target in Friday, July 28 report. As per Friday, June 30, the company rating was initiated by Cantor Fitzgerald.

Since August 17, 2017, it had 0 buys, and 4 selling transactions for $2.16 million activity. The insider STALLKAMP THOMAS T sold $555,538. Shapazian Carole J sold 4,020 shares worth $247,672. FORSYTH JOHN D sold $583,014 worth of stock or 9,440 shares.

Northcoast Asset Management Llc, which manages about $850.89 million US Long portfolio, upped its stake in Wpp Plc (NASDAQ:WPPGY) by 9,965 shares to 23,231 shares, valued at $2.16 million in 2017Q3, according to the filing. It also increased its holding in Sony Corp New (NYSE:SNE) by 25,857 shares in the quarter, for a total of 73,682 shares, and has risen its stake in T Mobile Us Inc (NYSE:TMUS).

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By1 Michael Collier







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