In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Veritiv Corp (NYSE:VRTV) reported that Uww Holdings, Llc. has picked up 4,283,840 of common stock as of 2017-03-22.
The acquisition brings the aggregate amount owned by Uww Holdings, Llc. to a total of 4,283,840 representing a 27.3% stake in the company.
For those not familiar with the company, Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. Veritiv operates through four segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers and specialty businesses. The Packaging segment provides standard and custom packaging solutions. The Facility Solutions segment sources and sells cleaning, break-room and other supplies, such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities.
A glance at Veritiv Corp (NYSE:VRTV)’s key stats reveals a current market capitalization of 786.60 Million based on 15.69 Million shares outstanding and a price at last close of $51.30 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-21, Smith picked up 500 at a purchase price of $38.73. This brings their total holding to 12,314 as of the date of the filing.
On the sell side, the most recent transaction saw Bain unload 1,800,000 shares at a sale price of $54.14. This brings their total holding to 4,283,840.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Veritiv Corp (NYSE:VRTV) as things move forward to see if its progress aligns with these transactions.
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