Ameriprise Financial Inc. Raises Position in Univar Inc. (UNVR)
Ameriprise Financial Inc. lifted its stake in Univar Inc. (NYSE:UNVR) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,059,184 shares of the basic materials company’s stock after purchasing an additional 146,425 shares during the period. Ameriprise Financial Inc. owned 0.75% of Univar worth $30,655,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Univar in the second quarter valued at approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Univar by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 469 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 3,082 shares during the last quarter. Raymond James Trust N.A. bought a new position in Univar in the third quarter valued at approximately $203,000. Finally, Turner Investments LLC bought a new position in shares of Univar during the second quarter worth $234,000. 97.83% of the stock is owned by institutional investors and hedge funds.
UNVR has been the topic of a number of recent analyst reports. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. SunTrust Banks reissued a “hold” rating on shares of Univar in a research report on Monday, November 6th. Zacks Investment Research cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Barclays reissued a “hold” rating and set a $32.00 price target on shares of Univar in a research report on Thursday, August 31st. Finally, Jefferies Group reissued a “buy” rating and set a $39.00 price target on shares of Univar in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.33.
In related news, Director Mark John Byrne sold 50,391 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $29.73, for a total value of $1,498,124.43. Following the sale, the director now directly owns 14,494 shares of the company’s stock, valued at approximately $430,906.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher D. Pappas acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $30.84 per share, for a total transaction of $308,400.00. Following the completion of the transaction, the director now directly owns 59,840 shares in the company, valued at approximately $1,845,465.60. The disclosure for this purchase can be found here. Insiders own 1.82% of the company’s stock.
Shares of Univar Inc. (NYSE:UNVR) traded up $0.18 during midday trading on Tuesday, hitting $29.77. 516,400 shares of the stock were exchanged, compared to its average volume of 852,290. The company has a market capitalization of $4,167.67, a PE ratio of 25.51, a price-to-earnings-growth ratio of 2.49 and a beta of 1.43. Univar Inc. has a 52 week low of $24.57 and a 52 week high of $33.15. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 2.70.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. analysts forecast that Univar Inc. will post 1.03 EPS for the current fiscal year.
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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