Barings LLC Has $534,000 Position in Domtar Corp (UFS)

Barings LLC cut its stake in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 26.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,237 shares of the basic materials company’s stock after selling 3,600 shares during the quarter. Barings LLC’s holdings in Domtar were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of UFS. BlackRock Inc. lifted its holdings in Domtar by 2.1% in the 2nd quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock worth $371,108,000 after buying an additional 158,605 shares during the period. Acadian Asset Management LLC purchased a new stake in Domtar in the 2nd quarter worth approximately $56,384,000. Allianz Asset Management GmbH lifted its holdings in Domtar by 36.3% in the 1st quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock worth $32,490,000 after buying an additional 203,434 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Domtar by 1.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 530,849 shares of the basic materials company’s stock worth $27,696,000 after buying an additional 5,106 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Domtar by 9.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 438,177 shares of the basic materials company’s stock worth $20,919,000 after buying an additional 37,106 shares during the period. Institutional investors own 90.46% of the company’s stock.

Several research firms have weighed in on UFS. Vertical Group cut Domtar from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday, September 13th. They noted that the move was a valuation call. Vertical Research cut Domtar to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday, September 13th. Citigroup upgraded Domtar from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $47.00 to $53.00 in a report on Friday, September 7th. Zacks Investment Research cut Domtar from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, BMO Capital Markets increased their price objective on Domtar from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, August 13th. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the company. Domtar presently has an average rating of “Hold” and a consensus price target of $49.38.

UFS opened at $48.00 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of 13.22, a PEG ratio of 2.51 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.37 and a quick ratio of 1.31. Domtar Corp has a 52 week low of $40.72 and a 52 week high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Thursday, November 1st. The basic materials company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.32. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Domtar had a positive return on equity of 9.13% and a negative net margin of 2.67%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. As a group, research analysts expect that Domtar Corp will post 3.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Monday, October 1st. Domtar’s payout ratio is presently 66.92%.

About Domtar

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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Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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