Shares of Univar Inc. (NYSE:UNVR) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.75.
UNVR has been the topic of a number of recent research reports. Jefferies Group initiated coverage on shares of Univar in a research note on Friday, September 9th. They set a “buy” rating and a $26.00 price objective on the stock. Barclays PLC downgraded shares of Univar from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock. in a research note on Friday, June 24th. They noted that the move was a valuation call. Bank of America Corp. set a $22.00 price objective on shares of Univar and gave the company a “buy” rating in a research note on Thursday, August 11th. Credit Suisse Group AG reiterated a “neutral” rating on shares of Univar in a research note on Friday, June 17th. Finally, Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th.
Shares of Univar (NYSE:UNVR) opened at 21.85 on Wednesday. Univar has a 52 week low of $10.65 and a 52 week high of $22.09. The firm’s 50-day moving average is $20.24 and its 200-day moving average is $18.71. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 47.71 and a beta of 1.26.
Univar (NYSE:UNVR) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. Univar had a net margin of 0.75% and a return on equity of 7.73%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm earned ($0.12) earnings per share. The company’s quarterly revenue was down 9.9% on a year-over-year basis. Analysts forecast that Univar will post $0.72 earnings per share for the current fiscal year.
In other Univar news, insider Christopher Oversby sold 18,362 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $20.22, for a total value of $371,279.64. Following the completion of the transaction, the insider now owns 99,479 shares of the company’s stock, valued at $2,011,465.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher D. Pappas purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $19.26 per share, with a total value of $96,300.00. Following the acquisition, the director now owns 50,088 shares of the company’s stock, valued at approximately $964,694.88. The disclosure for this purchase can be found here. 2.49% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of UNVR. Emerald Acquisition Ltd. bought a new position in Univar during the second quarter worth about $11,473,000. Swiss National Bank boosted its position in Univar by 33.1% in the second quarter. Swiss National Bank now owns 81,200 shares of the company’s stock worth $1,535,000 after buying an additional 20,200 shares in the last quarter. California State Teachers Retirement System boosted its position in Univar by 5.8% in the second quarter. California State Teachers Retirement System now owns 90,174 shares of the company’s stock worth $1,705,000 after buying an additional 4,939 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Univar by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 133,692 shares of the company’s stock worth $2,529,000 after buying an additional 9,299 shares in the last quarter. Finally, Southpoint Capital Advisors LP boosted its position in Univar by 4.2% in the first quarter. Southpoint Capital Advisors LP now owns 3,325,000 shares of the company’s stock worth $57,124,000 after buying an additional 135,275 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.
Univar Company Profile
Univar Inc is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region.
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