Franklin Resources Inc. reduced its position in Univar Inc (NYSE:UNVR) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,146,230 shares of the basic materials company’s stock after selling 98,129 shares during the quarter. Franklin Resources Inc.’s holdings in Univar were worth $128,375,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Univar by 94.3% in the third quarter. JPMorgan Chase & Co. now owns 31,428 shares of the basic materials company’s stock valued at $909,000 after acquiring an additional 15,255 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Univar by 4.6% in the third quarter. California Public Employees Retirement System now owns 148,038 shares of the basic materials company’s stock valued at $4,283,000 after acquiring an additional 6,538 shares during the period. Highbridge Capital Management LLC lifted its holdings in shares of Univar by 17.0% during the third quarter. Highbridge Capital Management LLC now owns 153,914 shares of the basic materials company’s stock worth $4,452,000 after purchasing an additional 22,390 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Univar during the third quarter worth $365,000. Finally, Legal & General Group Plc lifted its holdings in shares of Univar by 80.2% during the third quarter. Legal & General Group Plc now owns 76,623 shares of the basic materials company’s stock worth $2,216,000 after purchasing an additional 34,100 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.
UNVR has been the subject of several recent research reports. Zacks Investment Research downgraded Univar from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. SunTrust Banks raised Univar from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Vertical Research raised Univar from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Deutsche Bank set a $34.00 price target on Univar and gave the stock a “hold” rating in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $32.67.
Shares of Univar Inc (NYSE:UNVR) opened at $30.68 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 2.59. Univar Inc has a fifty-two week low of $25.79 and a fifty-two week high of $32.53. The firm has a market capitalization of $4,295.63, a price-to-earnings ratio of 24.75, a P/E/G ratio of 2.07 and a beta of 1.21.
Univar (NYSE:UNVR) last issued its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.09. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.85 billion. Univar had a return on equity of 17.25% and a net margin of 1.45%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. analysts anticipate that Univar Inc will post 1.72 EPS for the current year.
In other Univar news, major shareholder Dahlia Investments Pte. Ltd. sold 75,587 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $31.14, for a total value of $2,353,779.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $28.79, for a total value of $287,900,000.00. The disclosure for this sale can be found here. Insiders sold 10,093,587 shares of company stock valued at $290,814,052 in the last quarter. 1.82% of the stock is currently owned by company insiders.
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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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