SunTrust Banks upgraded shares of Univar (NYSE:UNVR) from a hold rating to a buy rating in a research note released on Tuesday.
Separately, Zacks Investment Research upgraded shares of Univar from a sell rating to a hold rating and set a $35.00 price target for the company in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.20.
Shares of Univar (UNVR) opened at $27.89 on Tuesday. Univar has a 1 year low of $25.79 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 company has a market cap of $3,930.00 and a P/E ratio of 121.26.
In related news, insider Dahlia Investments Pte. Ltd. sold 5,635 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $31.14, for a total transaction of $175,473.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark John Byrne sold 90,034 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $29.13, for a total transaction of $2,622,690.42. Following the transaction, the director now owns 63,994 shares of the company’s stock, valued at approximately $1,864,145.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,183,621 shares of company stock valued at $293,436,742. Corporate insiders own 1.82% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of UNVR. Baird Financial Group Inc. grew its holdings in Univar by 215.8% during the fourth quarter. Baird Financial Group Inc. now owns 1,439,424 shares of the basic materials company’s stock valued at $44,565,000 after purchasing an additional 983,564 shares during the period. Wells Fargo & Company MN grew its holdings in Univar by 29.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,902,833 shares of the basic materials company’s stock valued at $120,832,000 after purchasing an additional 887,218 shares during the period. Bamco Inc. NY grew its holdings in Univar by 37.0% during 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. BlackRock Inc. grew its holdings in Univar by 12.3% during the second quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock valued at $122,603,000 after purchasing an additional 459,808 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Univar by 3,581.0% in the fourth quarter. Schroder Investment Management Group now owns 465,358 shares of the basic materials company’s stock valued at $14,408,000 after buying an additional 452,716 shares during the period. Hedge funds and other institutional investors own 98.00% of the company’s stock.
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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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