Legal & General Group Plc increased its holdings in shares of Univar Inc (NYSE:UNVR) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 94,546 shares of the basic materials company’s stock after purchasing an additional 2,717 shares during the period. Legal & General Group Plc owned approximately 0.07% of Univar worth $1,678,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of UNVR. Martingale Asset Management L P lifted its position in shares of Univar by 45.0% during the 3rd quarter. Martingale Asset Management L P now owns 141,887 shares of the basic materials company’s stock worth $4,351,000 after purchasing an additional 44,034 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Univar by 7.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,232,506 shares of the basic materials company’s stock worth $37,788,000 after purchasing an additional 87,316 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Univar by 30.2% during the 3rd quarter. Renaissance Technologies LLC now owns 218,500 shares of the basic materials company’s stock worth $6,699,000 after purchasing an additional 50,705 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Univar by 62.7% during the 3rd quarter. AQR Capital Management LLC now owns 193,080 shares of the basic materials company’s stock worth $5,920,000 after purchasing an additional 74,384 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Univar during the 3rd quarter worth about $13,366,000. 87.82% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the company. Zacks Investment Research raised Univar from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 29th. Vertical Research raised Univar from a “hold” rating to a “buy” rating in a report on Thursday, January 3rd. Wells Fargo & Co set a $30.00 price target on Univar and gave the company an “outperform” rating in a report on Tuesday, March 5th. Goldman Sachs Group assumed coverage on Univar in a report on Thursday. They issued a “neutral” rating for the company. Finally, Berenberg Bank cut Univar from a “buy” rating to a “hold” rating and cut their price target for the company from $27.00 to $25.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Univar presently has an average rating of “Hold” and an average price target of $28.80.
Univar stock opened at $21.98 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.70 and a beta of 1.57. Univar Inc has a 12 month low of $16.33 and a 12 month high of $31.23.
Univar (NYSE:UNVR) last posted its quarterly earnings results on Friday, February 8th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Univar had a return on equity of 19.35% and a net margin of 2.00%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, analysts expect that Univar Inc will post 1.48 earnings per share for the current fiscal year.
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Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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