Univar Inc. (UNVR) Short Interest Up 73.8% in November

Univar Inc. (NYSE:UNVR) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,478,165 shares, a growth of 73.8% from the October 31st total of 2,001,138 shares. Based on an average daily trading volume, of 1,206,621 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.1% of the company’s shares are sold short.

Shares of Univar (UNVR) opened at $29.77 on Tuesday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.21 and a current ratio of 1.79. The firm has a market cap of $4,190.00 and a PE ratio of 25.51. Univar has a 1-year low of $24.57 and a 1-year high of $33.15.

Univar (NYSE:UNVR) last posted its earnings results on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. Univar’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. research analysts predict that Univar will post 1.03 EPS for the current year.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub raised Univar from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Barclays raised their price objective on Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Credit Suisse Group reduced their price objective on Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. Finally, Jefferies Group reiterated a “buy” rating and set a $39.00 target price on shares of Univar in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Univar has a consensus rating of “Hold” and a consensus price target of $33.33.

In related news, Director Christopher D. Pappas acquired 10,000 shares of Univar stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $30.84 per share, with a total value of $308,400.00. Following the completion of the purchase, the director now owns 59,840 shares of the company’s stock, valued at $1,845,465.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark John Byrne sold 50,391 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $29.73, for a total value of $1,498,124.43. Following the transaction, the director now directly owns 14,494 shares in the company, valued at $430,906.62. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its holdings in shares of Univar by 161.6% during the second quarter. Voya Investment Management LLC now owns 39,904 shares of the basic materials company’s stock worth $1,165,000 after purchasing an additional 24,648 shares during the period. Cipher Capital LP lifted its holdings in Univar by 12.6% in the second quarter. Cipher Capital LP now owns 92,569 shares of the basic materials company’s stock worth $2,703,000 after buying an additional 10,366 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Univar by 24.3% in the second quarter. Westfield Capital Management Co. LP now owns 947,339 shares of the basic materials company’s stock worth $27,662,000 after buying an additional 185,280 shares during the period. BlackRock Inc. lifted its holdings in Univar by 12.3% in the second quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock worth $122,603,000 after buying an additional 459,808 shares during the period. Finally, Eos Focused Equity Management L.P. purchased a new stake in Univar in the second quarter worth about $2,944,000. Institutional investors own 97.83% of the company’s stock.

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Univar Company Profile

Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.

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