SunTrust Banks upgraded shares of Univar (NYSE:UNVR) from a hold rating to a buy rating in a report published on Tuesday, February 13th, Marketbeat.com reports.
Separately, Zacks Investment Research lowered Univar from a hold rating to a sell rating in a research note on Saturday, January 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. The stock has an average rating of Hold and an average target price of $33.20.
Univar (NYSE UNVR) opened at $27.49 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $3,848.49, a P/E ratio of 119.53, a P/E/G ratio of 1.34 and a beta of 1.24. Univar has a 12 month low of $25.79 and a 12 month high of $33.15.
In related news, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $28.79, for a total transaction of $287,900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark John Byrne sold 90,034 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $29.13, for a total value of $2,622,690.42. Following the sale, 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 have recently bought and sold shares of UNVR. BlackRock Inc. lifted its holdings in Univar by 3.8% during the 4th quarter. BlackRock Inc. now owns 4,217,975 shares of the basic materials company’s stock worth $130,588,000 after purchasing an additional 155,907 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Univar by 29.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,902,833 shares of the basic materials company’s stock worth $120,832,000 after purchasing an additional 887,218 shares in the last quarter. Bamco Inc. NY lifted its holdings in Univar by 10.0% during the 4th quarter. Bamco Inc. NY now owns 2,750,000 shares of the basic materials company’s stock worth $85,140,000 after purchasing an additional 250,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Univar by 3.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,489,724 shares of the basic materials company’s stock worth $77,082,000 after purchasing an additional 93,243 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Univar by 215.8% in the 4th quarter. Baird Financial Group Inc. now owns 1,439,424 shares of the basic materials company’s stock worth $44,565,000 after acquiring an additional 983,564 shares during the last quarter. 91.50% of the stock is currently owned by institutional investors and hedge funds.
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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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