MRJ Capital Inc. Invests $1.73 Million in Univar Inc (UNVR)
MRJ Capital Inc. bought a new position in shares of Univar Inc (NYSE:UNVR) in the first quarter, Holdings Channel reports. The firm bought 78,200 shares of the basic materials company’s stock, valued at approximately $1,732,000.
Several other large investors have also recently modified their holdings of the company. Iridian Asset Management LLC CT grew its holdings in shares of Univar by 29.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 10,971,291 shares of the basic materials company’s stock worth $194,631,000 after purchasing an additional 2,520,455 shares during the period. Baupost Group LLC MA grew its holdings in shares of Univar by 436.4% during the 4th quarter. Baupost Group LLC MA now owns 9,500,000 shares of the basic materials company’s stock worth $168,530,000 after purchasing an additional 7,728,900 shares during the period. BlackRock Inc. grew its holdings in shares of Univar by 3.2% during the 4th quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock worth $85,354,000 after purchasing an additional 147,168 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Univar by 3.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,300,259 shares of the basic materials company’s stock worth $76,286,000 after purchasing an additional 161,521 shares during the period. Finally, Norges Bank purchased a new stake in shares of Univar during the 4th quarter worth about $71,288,000. Institutional investors and hedge funds own 88.97% of the company’s stock.
In related news, Director Christopher D. Pappas purchased 10,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $22.41 per share, for a total transaction of $224,100.00. Following the acquisition, the director now directly owns 11,911 shares in the company, valued at $266,925.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.
NYSE UNVR opened at $21.90 on Tuesday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.48 and a beta of 1.55. Univar Inc has a fifty-two week low of $16.33 and a fifty-two week high of $31.23. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.04 and a quick ratio of 1.04.
Univar (NYSE:UNVR) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.10. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Univar had a return on equity of 16.35% and a net margin of 0.50%. Univar’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. As a group, sell-side analysts forecast that Univar Inc will post 1.62 earnings per share for the current fiscal year.
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.
Further Reading: P/E Growth (PEG)
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