DUPONT CAPITAL MANAGEMENT Corp maintained its position in Essendant Inc. (NASDAQ:ESND) during the third quarter, Holdings Channel reports. The fund owned 18,433 shares of the company’s stock at the end of the third quarter. DUPONT CAPITAL MANAGEMENT Corp’s holdings in Essendant were worth $378,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in ESND. Vanguard Group Inc. increased its position in Essendant by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,947,010 shares of the company’s stock valued at $90,060,000 after buying an additional 100,259 shares during the period. BlackRock Fund Advisors increased its position in Essendant by 2.7% in the second quarter. BlackRock Fund Advisors now owns 2,460,068 shares of the company’s stock valued at $75,180,000 after buying an additional 64,605 shares during the period. Dimensional Fund Advisors LP increased its position in Essendant by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,194,042 shares of the company’s stock valued at $67,049,000 after buying an additional 127,345 shares during the period. Macquarie Group Ltd. increased its position in Essendant by 14.1% in the second quarter. Macquarie Group Ltd. now owns 1,291,786 shares of the company’s stock valued at $39,477,000 after buying an additional 159,880 shares during the period. Finally, Pzena Investment Management LLC increased its position in Essendant by 7.9% in the second quarter. Pzena Investment Management LLC now owns 1,173,329 shares of the company’s stock valued at $35,857,000 after buying an additional 86,344 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.
Essendant Inc. (NASDAQ:ESND) traded down 1.07% during trading on Friday, hitting $19.33. 85,380 shares of the company traded hands. Essendant Inc. has a 12-month low of $14.72 and a 12-month high of $36.96. The stock has a 50 day moving average price of $17.75 and a 200 day moving average price of $23.18. The company’s market capitalization is $714.59 million.
Essendant (NASDAQ:ESND) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.10. Essendant had a negative net margin of 0.55% and a positive return on equity of 11.74%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $1.00 earnings per share. Essendant’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Essendant Inc. will post $1.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.90%. The ex-dividend date is Tuesday, December 13th. Essendant’s dividend payout ratio (DPR) is presently -68.29%.
Several equities analysts recently commented on ESND shares. Zacks Investment Research downgraded shares of Essendant from a “hold” rating to a “strong sell” rating in a research note on Monday, October 31st. Jefferies Group restated a “hold” rating and issued a $18.00 price target (down from $23.50) on shares of Essendant in a research note on Friday, October 28th.
In other Essendant news, SVP Carole W. Tomko sold 3,400 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $15.41, for a total transaction of $52,394.00. Following the transaction, the senior vice president now directly owns 25,938 shares in the company, valued at approximately $399,704.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.
Essendant Inc (Essendant), formerly United Stationers Inc, is a wholesale distributor of workplace items. The Company stocks an assortment of over 180,000 products in categories, including janitorial and breakroom supplies, technology products, traditional office products, industrial supplies, office furniture, and automotive aftermarket tools and equipment.