Short Interest in Univar Inc. (UNVR) Expands By 73.8%
Univar Inc. (NYSE:UNVR) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 3,478,165 shares, a growth of 73.8% from the October 31st total of 2,001,138 shares. Based on an average daily trading volume, of 1,206,621 shares, the short-interest ratio is presently 2.9 days. Approximately 3.1% of the shares of the stock are sold short.
In other news, Director Christopher D. Pappas bought 10,000 shares of Univar stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $30.84 per share, for a total transaction of $308,400.00. Following the acquisition, the director now owns 59,840 shares in the company, valued at $1,845,465.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark John Byrne sold 50,391 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $29.73, for a total transaction of $1,498,124.43. Following the completion of the transaction, the director now owns 14,494 shares in the company, valued at $430,906.62. The disclosure for this sale can be found here. 1.82% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Univar by 0.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,825 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 30 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Univar by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after acquiring an additional 469 shares during the period. Atlantic Trust Group LLC lifted its holdings in shares of Univar by 3.0% during the 2nd quarter. Atlantic Trust Group LLC now owns 17,850 shares of the basic materials company’s stock worth $521,000 after acquiring an additional 515 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Univar by 13.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 1,004 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Univar by 17.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,493 shares of the basic materials company’s stock worth $276,000 after acquiring an additional 1,413 shares during the period. Institutional investors and hedge funds own 97.85% of the company’s stock.
A number of research firms have issued reports on UNVR. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. SunTrust Banks restated a “hold” rating on shares of Univar in a report on Monday, November 6th. BidaskClub lowered shares of Univar from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Jefferies Group restated a “buy” rating and issued a $39.00 target price on shares of Univar in a report on Friday, September 15th. Finally, Credit Suisse Group reduced their target price on shares of Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Univar presently has a consensus rating of “Hold” and a consensus target price of $33.33.
Univar (NYSE UNVR) opened at $29.24 on Thursday. The firm has a market cap of $4,150.00 and a PE ratio of 25.37. Univar has a 1-year low of $24.25 and a 1-year 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 announced its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. research analysts anticipate that Univar will post 1.03 earnings per share for the current year.
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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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