Voya Investment Management LLC lessened its stake in Univar Inc (NYSE:UNVR) by 36.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,068 shares of the basic materials company’s stock after selling 15,055 shares during the period. Voya Investment Management LLC’s holdings in Univar were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNVR. Northern Trust Corp boosted its stake in Univar by 6.5% in the first quarter. Northern Trust Corp now owns 620,438 shares of the basic materials company’s stock valued at $17,218,000 after acquiring an additional 37,859 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Univar by 4.8% during the first quarter. BlackRock Inc. now owns 4,420,935 shares of the basic materials company’s stock worth $122,682,000 after buying an additional 202,960 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Univar by 18.4% during the first quarter. Dimensional Fund Advisors LP now owns 839,205 shares of the basic materials company’s stock worth $23,288,000 after buying an additional 130,564 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Univar by 1.7% during the first quarter. Principal Financial Group Inc. now owns 556,031 shares of the basic materials company’s stock worth $15,430,000 after buying an additional 9,200 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Univar during the first quarter worth about $788,000. Institutional investors own 91.47% of the company’s stock.
Shares of UNVR opened at $27.68 on Friday. Univar Inc has a fifty-two week low of $25.54 and a fifty-two week high of $31.95. The stock has a market cap of $4.34 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.65 and a quick ratio of 1.08.
Univar (NYSE:UNVR) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Univar had a return on equity of 19.85% and a net margin of 2.19%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the company posted $0.22 EPS. Univar’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that Univar Inc will post 1.69 EPS for the current year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Deutsche Bank reiterated a “buy” rating and set a $35.00 target price on shares of Univar in a research note on Friday, September 21st. ValuEngine downgraded shares of Univar from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Barclays decreased their target price on shares of Univar from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, Goldman Sachs Group upgraded shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Univar has a consensus rating of “Hold” and an average price target of $30.00.
In other news, Director Kerry J. Preete acquired 8,250 shares of Univar stock in a transaction that occurred on Monday, September 24th. The stock was purchased at an average price of $30.24 per share, for a total transaction of $249,480.00. Following the completion of the transaction, the director now directly owns 7,933 shares in the company, valued at $239,893.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by company insiders.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
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