Univar (UNVR) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Univar (NYSE:UNVR) from a sell rating to a hold rating in a research note published on Friday morning. They currently have $35.00 price target on the basic materials company’s stock.
According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
A number of other equities analysts have also commented on UNVR. Jefferies Group reissued a buy rating and issued a $39.00 price objective on shares of Univar in a research note on Friday, September 15th. BidaskClub raised Univar from a sell rating to a hold rating in a research note on Thursday, October 5th. Finally, SunTrust Banks reissued a hold rating on shares of Univar in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $33.50.
Univar (UNVR) traded up $0.07 during trading on Friday, reaching $31.65. The company’s stock had a trading volume of 688,700 shares, compared to its average volume of 636,911. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $4,460.00 and a price-to-earnings ratio of 137.61. Univar has a one year low of $26.80 and a one year high of $33.15.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.97 billion. Univar had a return on equity of 17.30% and a net margin of 0.41%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. equities analysts forecast that Univar will post 1.03 EPS for the current year.
In other news, Director Christopher D. Pappas purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $30.84 per share, with a total value of $308,400.00. Following the completion of the purchase, the director now directly owns 59,840 shares of the company’s stock, valued at approximately $1,845,465.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $28.79, for a total value of $287,900,000.00. The disclosure for this sale can be found here. Insiders have sold 10,140,425 shares of company stock worth $292,020,815 in the last ninety days. 1.82% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Univar by 8.3% in the second quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock valued at $241,076,000 after buying an additional 632,898 shares during the period. BlackRock Inc. lifted its stake in Univar by 12.3% in the second quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock valued at $122,603,000 after buying an additional 459,808 shares during the period. 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 valued at $72,325,000 after buying an additional 675,000 shares during the period. State Street Corp lifted its stake in Univar by 31.9% in the second quarter. State Street Corp now owns 1,202,200 shares of the basic materials company’s stock valued at $35,101,000 after buying an additional 290,821 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in Univar by 19.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,129,934 shares of the basic materials company’s stock valued at $32,689,000 after buying an additional 182,595 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.
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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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