Univar (NYSE:UNVR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday, January 6th.
According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
Several other equities research analysts have also commented on UNVR. BidaskClub lowered shares of Univar from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Jefferies Group reiterated a “buy” rating and set a $39.00 price target on shares of Univar in a research note on Friday, September 15th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Univar in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.50.
Shares of Univar (NYSE UNVR) opened at $29.96 on Friday. Univar has a 1 year low of $26.80 and a 1 year high of $33.15. 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 stock has a market cap of $4,210.00 and a price-to-earnings ratio of 130.26.
Univar (NYSE:UNVR) last announced its quarterly earnings results on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.13. Univar had a net margin of 0.41% and a return on equity of 17.30%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $0.17 EPS. Univar’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts anticipate that Univar will post 1.03 earnings per share for the current year.
In other Univar news, major shareholder Dahlia Investments Pte. Ltd. sold 75,587 shares of Univar stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $31.14, for a total value of $2,353,779.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of Univar 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. Over the last 90 days, insiders sold 10,234,012 shares of company stock worth $294,934,867. 1.82% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of UNVR. Ameriprise Financial Inc. increased its stake in Univar by 519.6% in the second quarter. Ameriprise Financial Inc. now owns 912,759 shares of the basic materials company’s stock valued at $26,652,000 after purchasing an additional 765,448 shares during the period. Bamco Inc. NY increased its stake in Univar by 37.0% in the third quarter. Bamco Inc. NY now owns 2,500,000 shares of the basic materials company’s stock valued at $72,325,000 after purchasing an additional 675,000 shares during the period. Vanguard Group Inc. increased its stake in Univar by 8.3% in the second quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock valued at $241,076,000 after purchasing an additional 632,898 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Univar by 5,304.5% in the second quarter. Principal Financial Group Inc. now owns 545,747 shares of the basic materials company’s stock valued at $15,936,000 after acquiring an additional 535,649 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Univar by 12.3% in the second quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock valued at $122,603,000 after acquiring an additional 459,808 shares in the last quarter. Institutional investors own 98.01% 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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