Univar Inc. (NYSE:UNVR) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas raised its position in Univar Inc. (NYSE:UNVR) by 2,522.1% during the second quarter, Holdings Channel reports. The institutional investor owned 217,503 shares of the basic materials company’s stock after buying an additional 209,208 shares during the period. Teacher Retirement System of Texas’ holdings in Univar were worth $6,351,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cipher Capital LP acquired a new stake in shares of Univar during the first quarter worth about $2,521,000. Capital Fund Management S.A. acquired a new stake in shares of Univar during the first quarter worth about $2,916,000. First Trust Advisors LP raised its stake in shares of Univar by 8.6% in the first quarter. First Trust Advisors LP now owns 217,595 shares of the basic materials company’s stock worth $6,671,000 after buying an additional 17,252 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Univar by 40.2% in the first quarter. Great West Life Assurance Co. Can now owns 11,506 shares of the basic materials company’s stock worth $352,000 after buying an additional 3,300 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Univar during the first quarter worth about $14,603,000. 97.30% of the stock is owned by hedge funds and other institutional investors.
Shares of Univar Inc. (NYSE UNVR) opened at 27.17 on Tuesday. The firm’s 50-day moving average price is $29.57 and its 200-day moving average price is $30.21. Univar Inc. has a 12 month low of $18.60 and a 12 month high of $33.15. The company’s market capitalization is $3.82 billion.
Univar (NYSE:UNVR) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Equities research analysts expect that Univar Inc. will post $1.00 EPS for the current year.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Jefferies Group LLC reissued a “buy” rating and set a $39.00 price target (up from $36.00) on shares of Univar in a research note on Wednesday, May 17th. BidaskClub raised Univar from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Barclays PLC raised their price target on Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, Berenberg Bank assumed coverage on Univar in a research note on Thursday, July 6th. They set a “sell” rating and a $24.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Univar presently has a consensus rating of “Hold” and an average price target of $32.83.
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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