Gotham Asset Management LLC purchased a new stake in shares of Univar Inc. (NYSE:UNVR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 494,100 shares of the basic materials company’s stock, valued at approximately $15,149,000. Gotham Asset Management LLC owned about 0.35% of Univar at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of UNVR. BlackRock Inc. boosted its position in shares of Univar by 57,750.9% in the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock valued at $114,636,000 after buying an additional 3,732,439 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of Univar by 79.5% in the first quarter. Iridian Asset Management LLC CT now owns 6,913,666 shares of the basic materials company’s stock valued at $211,973,000 after buying an additional 3,061,679 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Univar by 54.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,703,921 shares of the basic materials company’s stock valued at $205,542,000 after buying an additional 2,370,535 shares during the period. Wells Fargo & Company MN boosted its position in shares of Univar by 170.0% in the first quarter. Wells Fargo & Company MN now owns 2,834,610 shares of the basic materials company’s stock valued at $86,909,000 after buying an additional 1,784,656 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Univar by 20.7% in the first quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock valued at $233,726,000 after buying an additional 1,307,004 shares during the period. Institutional investors own 96.55% of the company’s stock.
Shares of Univar Inc. (UNVR) traded up 2.73% during trading on Monday, hitting $30.15. The company had a trading volume of 618,409 shares. Univar Inc. has a 12-month low of $17.00 and a 12-month high of $33.15. The firm has a 50 day moving average of $30.86 and a 200 day moving average of $29.61. The stock’s market cap is $4.23 billion.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, May 5th. The basic materials company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Univar had a positive return on equity of 14.58% and a negative net margin of 0.74%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts forecast that Univar Inc. will post $1.14 earnings per share for the current fiscal year.
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A number of brokerages recently issued reports on UNVR. Zacks Investment Research cut Univar from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a $36.00 target price on shares of Univar in a report on Tuesday, May 2nd. Finally, BidaskClub cut Univar from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $30.83.
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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