JPMorgan Chase & Co. lifted its position in Univar Inc (NYSE:UNVR) by 94.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,428 shares of the basic materials company’s stock after purchasing an additional 15,255 shares during the period. JPMorgan Chase & Co.’s holdings in Univar were worth $909,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of UNVR. SG Americas Securities LLC bought a new position in shares of Univar in the second quarter worth approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Univar by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 469 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 3,082 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Univar in the third quarter valued at $203,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Univar by 13.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock valued at $247,000 after acquiring an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.
In other Univar news, Director Christopher D. Pappas bought 10,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $30.84 per share, for a total transaction of $308,400.00. Following the acquisition, the director now owns 59,840 shares in the company, valued at approximately $1,845,465.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $28.79, for a total transaction of $287,900,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,140,425 shares of company stock worth $292,020,815. Company insiders own 1.82% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a report on Friday. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Univar in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.50.
Shares of Univar Inc (UNVR) opened at $31.65 on Friday. The firm has a market cap of $4,460.00 and a price-to-earnings ratio of 137.61. Univar Inc has a fifty-two week low of $26.80 and a fifty-two week high of $33.15. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.
Univar (NYSE:UNVR) last released its quarterly earnings results on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. equities analysts expect that Univar Inc will post 1.03 EPS for the current year.
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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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