Stevens Capital Management LP Has $2.66 Million Holdings in Univar Inc. (UNVR)
Stevens Capital Management LP raised its position in shares of Univar Inc. (NYSE:UNVR) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,021 shares of the basic materials company’s stock after purchasing an additional 8,195 shares during the quarter. Stevens Capital Management LP owned 0.06% of Univar worth $2,658,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Univar during the first quarter valued at approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Univar by 64.0% during the first 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 during the last quarter. SG Americas Securities LLC bought a new stake in shares of Univar during the second quarter valued at approximately $122,000. BNP Paribas Arbitrage SA raised its position in shares of Univar by 176.9% during the second 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 during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Univar during the first quarter valued at approximately $229,000. 96.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Univar Inc. (UNVR) opened at 28.20 on Thursday. Univar Inc. has a 12 month low of $20.05 and a 12 month high of $33.15. The company has a 50-day moving average of $28.16 and a 200 day moving average of $28.16. The company’s market cap is $3.97 billion.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Univar Inc. will post $0.92 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $39.00 price objective on shares of Univar in a research report on Friday, September 15th. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Credit Suisse Group reduced their price objective on shares of Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, August 31st. Barclays PLC reiterated a “hold” rating and set a $32.00 price objective on shares of Univar in a research report on Thursday, August 31st. Finally, Zacks Investment Research cut shares of Univar from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.33.
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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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