Barclays PLC reduced its position in shares of Essendant Inc (NASDAQ:ESND) by 42.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,779 shares of the company’s stock after selling 26,042 shares during the period. Barclays PLC owned approximately 0.09% of Essendant worth $437,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Texas Permanent School Fund raised its stake in shares of Essendant by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 21,469 shares of the company’s stock valued at $270,000 after acquiring an additional 826 shares during the last quarter. Prudential Financial Inc. raised its stake in Essendant by 2.4% in the fourth quarter. Prudential Financial Inc. now owns 61,083 shares of the company’s stock worth $768,000 after buying an additional 1,440 shares in the last quarter. United Services Automobile Association raised its stake in Essendant by 19.3% in the fourth quarter. United Services Automobile Association now owns 16,608 shares of the company’s stock worth $209,000 after buying an additional 2,690 shares in the last quarter. Arizona State Retirement System raised its stake in Essendant by 6.2% in the fourth quarter. Arizona State Retirement System now owns 50,523 shares of the company’s stock worth $636,000 after buying an additional 2,931 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Essendant during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.
Several brokerages recently issued reports on ESND. BidaskClub cut shares of Essendant from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. TheStreet cut shares of Essendant from a “c” rating to a “d+” rating in a report on Friday, January 25th.
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Essendant Inc operates as a distributor of workplace items in the United States and internationally. It offers janitorial and sanitation supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging supplies. The company also provides technology products, such as computer accessories, imaging supplies, and data storage products; and computer hardware, including printers and other peripherals.
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