Univar Inc. (UNVR) Director Mark John Byrne Sells 50,391 Shares
Univar Inc. (NYSE:UNVR) Director Mark John Byrne sold 50,391 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $29.73, for a total transaction of $1,498,124.43. Following the sale, the director now owns 14,494 shares of the company’s stock, valued at $430,906.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Univar Inc. (NYSE UNVR) traded up $0.46 during mid-day trading on Thursday, hitting $29.38. 879,024 shares of the company were exchanged, compared to its average volume of 867,405. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $4,140.00 and a PE ratio of 25.82. Univar Inc. has a 52-week low of $24.17 and a 52-week high of $33.15.
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, beating analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. equities analysts forecast that Univar Inc. will post 1.03 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in Univar by 4.6% in the third quarter. California Public Employees Retirement System now owns 148,038 shares of the basic materials company’s stock worth $4,283,000 after acquiring an additional 6,538 shares during the last quarter. Bamco Inc. NY lifted its stake in Univar by 37.0% in the third quarter. Bamco Inc. NY now owns 2,500,000 shares of the basic materials company’s stock worth $72,325,000 after acquiring an additional 675,000 shares during the last quarter. Highbridge Capital Management LLC lifted its stake in Univar by 17.0% in the third quarter. Highbridge Capital Management LLC now owns 153,914 shares of the basic materials company’s stock worth $4,452,000 after acquiring an additional 22,390 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Univar in the third quarter worth approximately $839,000. Finally, Caxton Associates LP purchased a new position in Univar in the third quarter worth approximately $7,666,000. Institutional investors own 95.77% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Univar from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, August 8th. Barclays PLC restated a “hold” rating and set a $32.00 price objective on shares of Univar in a research report on Thursday, August 31st. Finally, SunTrust Banks, Inc. reiterated a “hold” rating on shares of Univar in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.33.
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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