Univar Inc (NYSE:UNVR) – Jefferies Financial Group lowered their FY2020 earnings per share estimates for Univar in a research report issued on Tuesday, November 6th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings per share of $1.90 for the year, down from their prior estimate of $2.20. Jefferies Financial Group also issued estimates for Univar’s FY2021 earnings at $2.00 EPS.
UNVR has been the topic of a number of other reports. ValuEngine cut shares of Univar from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Wells Fargo & Co set a $27.00 price objective on shares of Univar and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research cut shares of Univar from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Berenberg Bank raised shares of Univar from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, September 4th. Finally, Goldman Sachs Group raised shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.40.
Shares of NYSE UNVR opened at $22.85 on Friday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.41. Univar has a 52 week low of $20.08 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.08 and a current ratio of 1.77.
Univar (NYSE:UNVR) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. Univar had a net margin of 2.30% and a return on equity of 19.82%. Univar’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share.
Several institutional investors have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC acquired a new stake in shares of Univar in the second quarter worth approximately $201,000. Jane Street Group LLC acquired a new stake in shares of Univar in the first quarter worth approximately $221,000. NumerixS Investment Technologies Inc boosted its position in shares of Univar by 148.6% in the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 5,200 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Univar in the third quarter worth approximately $245,000. Finally, HM Capital Management LLC acquired a new stake in shares of Univar in the third quarter worth approximately $253,000. 90.67% of the stock is currently owned by institutional investors.
In other news, Director Christopher D. Pappas purchased 10,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were bought at an average cost of $23.11 per share, with a total value of $231,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen D. Newlin purchased 3,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $23.02 per share, for a total transaction of $69,060.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,750 shares of company stock worth $584,575 over the last ninety days. 1.82% of the stock is owned by corporate 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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