Univar (NYSE:UNVR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
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. “
UNVR has been the subject of several other reports. BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. SunTrust Banks reissued a “hold” rating on shares of Univar in a research report on Monday, November 6th. Finally, Jefferies Group reissued a “buy” rating and issued a $39.00 price target on shares of Univar in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Univar currently has an average rating of “Hold” and a consensus target price of $33.33.
Univar (NYSE:UNVR) last issued its earnings results on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.13. Univar had a return on equity of 17.30% and a net margin of 0.41%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts predict that Univar will post 1.03 earnings per share for the current fiscal year.
In related news, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $28.79, for a total transaction of $287,900,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher D. Pappas bought 10,000 shares of Univar stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $30.84 per share, for a total transaction of $308,400.00. Following the completion of the transaction, the director now directly owns 59,840 shares in the company, valued at $1,845,465.60. The disclosure for this purchase can be found here. Over the last three months, insiders sold 10,140,425 shares of company stock valued at $292,020,815. Corporate insiders own 1.82% of the company’s stock.
A number of large investors have recently made changes to their positions in UNVR. SG Americas Securities LLC acquired a new position in Univar during the 2nd quarter valued at about $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Univar by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after buying an additional 469 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Univar by 176.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after buying an additional 3,082 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Univar during the 3rd quarter valued at about $203,000. Finally, Dynamic Technology Lab Private Ltd increased its position in Univar by 13.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock valued at $247,000 after buying an additional 1,004 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.
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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