Gotham Asset Management LLC bought a new position in shares of Univar Inc. (NYSE:UNVR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 494,100 shares of the basic materials company’s stock, valued at approximately $15,149,000. Gotham Asset Management LLC owned 0.35% of Univar as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of UNVR. Norges Bank bought a new position in shares of Univar during the fourth quarter worth approximately $33,131,000. Russell Investments Group Ltd. bought a new position in shares of Univar during the fourth quarter worth approximately $692,000. Hennessy Advisors Inc. bought a new position in shares of Univar during the first quarter worth approximately $4,093,000. FIL Ltd bought a new position in shares of Univar during the first quarter worth approximately $12,782,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Univar by 94.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,637 shares of the basic materials company’s stock worth $11,905,000 after buying an additional 203,800 shares during the period. 96.55% of the stock is currently owned by institutional investors.
Shares of Univar Inc. (NYSE:UNVR) traded up 3.39% on Friday, hitting $28.69. 1,252,684 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $30.52 and its 200 day moving average is $29.88. Univar Inc. has a 12 month low of $17.00 and a 12 month high of $33.15. The firm’s market cap is $4.02 billion.
Univar (NYSE:UNVR) last posted its quarterly earnings results on Friday, May 5th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.03. Univar had a negative net margin of 0.74% and a positive return on equity of 14.58%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts predict that Univar Inc. will post $1.13 earnings per share for the current year.
UNVR has been the topic of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Univar in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Berenberg Bank initiated coverage on shares of Univar in a research note on Thursday. They issued a “sell” rating and a $24.00 price target on the stock. Finally, BidaskClub lowered shares of Univar from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Univar currently has a consensus rating of “Hold” and an average price target of $29.86.
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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