Univar Inc. (NYSE:UNVR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, November 7th.
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. “
Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Barclays PLC increased their target price on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Credit Suisse Group reduced their target price on shares of Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Univar in a research note on Friday, September 15th. Finally, SunTrust Banks, Inc. reissued a “hold” rating on shares of Univar in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Univar has a consensus rating of “Hold” and a consensus price target of $33.33.
Univar (NYSE:UNVR) last released its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. Univar had a net margin of 0.41% and a return on equity of 17.30%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts anticipate that Univar will post 1.03 earnings per share for the current fiscal year.
In related news, Director Christopher D. Pappas bought 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $30.84 per share, for a total transaction of $308,400.00. Following the transaction, the director now owns 59,840 shares of the company’s stock, valued at $1,845,465.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark John Byrne sold 50,391 shares of the business’s stock in a transaction on 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 in the company, valued at $430,906.62. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Univar by 57,750.9% in the 1st quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock valued at $114,636,000 after purchasing an additional 3,732,439 shares during the last quarter. Vanguard Group Inc. raised its stake in Univar by 20.7% in the 1st quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock valued at $233,726,000 after purchasing an additional 1,307,004 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Univar by 519.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 912,759 shares of the basic materials company’s stock valued at $26,652,000 after purchasing an additional 765,448 shares during the last quarter. Bamco Inc. NY raised its stake in Univar by 37.0% in the 3rd quarter. Bamco Inc. NY now owns 2,500,000 shares of the basic materials company’s stock valued at $72,325,000 after purchasing an additional 675,000 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in Univar in the 2nd quarter valued at about $16,567,000. Institutional investors and hedge funds own 95.12% of the company’s stock.
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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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