JPMorgan Chase & Co. increased its position in Univar Inc (NYSE:UNVR) by 94.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,428 shares of the basic materials company’s stock after acquiring an additional 15,255 shares during the quarter. JPMorgan Chase & Co.’s holdings in Univar were worth $909,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UNVR. Cambridge Investment Research Advisors Inc. grew its position in Univar by 0.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,825 shares of the basic materials company’s stock worth $258,000 after purchasing an additional 30 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Univar by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 469 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Univar by 13.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 1,004 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Univar by 17.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,493 shares of the basic materials company’s stock worth $276,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Univar by 3.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,038 shares of the basic materials company’s stock worth $1,315,000 after purchasing an additional 1,685 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.
Several analysts have issued reports 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 research report on Friday, January 12th. SunTrust Banks restated a “hold” rating on shares of Univar in a research report on Monday, November 6th. Finally, BidaskClub lowered shares of Univar from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.50.
In other Univar news, insider Dahlia Investments Pte. Ltd. sold 2,015 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $31.12, for a total value of $62,706.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher D. Pappas purchased 10,000 shares of Univar stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $30.84 per share, for a total transaction of $308,400.00. Following the completion of the transaction, the director now owns 59,840 shares of the company’s stock, valued at $1,845,465.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 10,234,012 shares of company stock worth $294,934,867. 1.82% of the stock is owned by company insiders.
Shares of Univar Inc (NYSE UNVR) traded down $1.11 during trading on Monday, hitting $27.39. 1,976,957 shares of the stock traded hands, compared to its average volume of 827,394. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.21 and a current ratio of 1.79. Univar Inc has a 1-year low of $26.80 and a 1-year high of $33.15. The firm has a market cap of $4,020.00 and a price-to-earnings ratio of 123.91.
Univar (NYSE:UNVR) last issued its 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. Univar had a net margin of 0.41% and a return on equity of 17.30%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. sell-side analysts predict that Univar Inc will post 1.03 earnings per share for the current year.
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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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