Sei Investments Co. Has $10.33 Million Stake in Univar Inc. (NYSE:UNVR)
Sei Investments Co. boosted its stake in Univar Inc. (NYSE:UNVR) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,805 shares of the basic materials company’s stock after buying an additional 15,806 shares during the period. Sei Investments Co.’s holdings in Univar were worth $10,331,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of UNVR. Vanguard Group Inc. increased its position in shares of Univar by 20.7% in the first quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock valued at $233,726,000 after buying an additional 1,307,004 shares in the last quarter. Iridian Asset Management LLC CT increased its position in shares of Univar by 79.5% in the first quarter. Iridian Asset Management LLC CT now owns 6,913,666 shares of the basic materials company’s stock valued at $211,973,000 after buying an additional 3,061,679 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Univar by 54.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,703,921 shares of the basic materials company’s stock valued at $205,542,000 after buying an additional 2,370,535 shares in the last quarter. BlackRock Inc. increased its position in shares of Univar by 57,750.9% in the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock valued at $114,636,000 after buying an additional 3,732,439 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Univar by 170.0% in the first quarter. Wells Fargo & Company MN now owns 2,834,610 shares of the basic materials company’s stock valued at $86,909,000 after buying an additional 1,784,656 shares in the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.
Univar Inc. (NYSE UNVR) opened at 27.47 on Friday. The company’s market capitalization is $3.86 billion. Univar Inc. has a 52-week low of $18.60 and a 52-week high of $33.15. The firm has a 50-day moving average of $29.71 and a 200 day moving average of $30.26.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the business posted $0.29 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts predict that Univar Inc. will post $1.04 earnings per share for the current fiscal year.
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UNVR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Berenberg Bank assumed coverage on shares of Univar in a research report on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective on the stock. Barclays PLC increased their price objective on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Jefferies Group LLC restated a “buy” rating and set a $39.00 price objective (up previously from $36.00) on shares of Univar in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Univar has a consensus rating of “Hold” and a consensus target price of $31.29.
Univar Company Profile
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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