Partners Group Holding AG Continues to Hold Stake in Univar Inc. (UNVR)
Partners Group Holding AG continued to hold its position in Univar Inc. (NYSE:UNVR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,982 shares of the basic materials company’s stock at the end of the second quarter. Univar accounts for 2.5% of Partners Group Holding AG’s portfolio, making the stock its 15th largest position. Partners Group Holding AG owned 0.57% of Univar worth $23,301,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of UNVR. Ameritas Investment Partners Inc. bought a new stake in shares of Univar during the 1st quarter valued at $114,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Univar by 64.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,480 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Univar during the 2nd quarter valued at $122,000. BNP Paribas Arbitrage SA lifted its stake in shares of Univar by 176.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after buying an additional 3,082 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Univar in the 1st quarter worth $229,000. Institutional investors and hedge funds own 96.65% of the company’s stock.
A number of equities research analysts have commented on UNVR shares. Zacks Investment Research cut Univar from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded Univar from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC lifted their target price on Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Berenberg Bank initiated coverage on Univar in a report on Thursday, July 6th. They issued a “sell” rating and a $24.00 price target on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $39.00 price target on shares of Univar in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Univar currently has a consensus rating of “Hold” and a consensus target price of $33.33.
Shares of Univar Inc. (UNVR) traded up 2.01% during trading on Tuesday, reaching $29.90. The company had a trading volume of 232,985 shares. Univar Inc. has a 52 week low of $20.54 and a 52 week high of $33.15. The stock’s 50-day moving average price is $28.30 and its 200-day moving average price is $28.30. The company’s market capitalization is $4.20 billion.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. On average, equities analysts expect that Univar Inc. will post $0.92 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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