Univar (NYSE:UNVR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday. The brokerage presently has a $35.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.83% from the company’s current price.
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. “
Several other research analysts have also recently weighed in on the stock. SunTrust Banks reissued a “hold” rating on shares of Univar in a report on Monday, November 6th. Jefferies Group reissued a “buy” rating and issued a $39.00 price target on shares of Univar in a report on Friday, September 15th. Finally, BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.50.
Univar (UNVR) traded up $0.20 during trading on Friday, reaching $31.58. 576,300 shares of the company’s stock traded hands, compared to its average volume of 630,438. The company has a market cap of $4,450.00 and a PE ratio of 137.30. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.21 and a current ratio of 1.79. Univar has a 52-week low of $26.80 and a 52-week high of $33.15.
Univar (NYSE:UNVR) last released its quarterly earnings results on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. equities analysts forecast that Univar will post 1.03 EPS for the current year.
In other Univar news, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were 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 is available at this hyperlink. Also, Director Mark John Byrne sold 50,391 shares of the stock in a transaction that occurred 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 transaction, the director now owns 14,494 shares in the company, valued at approximately $430,906.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,140,425 shares of company stock worth $292,020,815. Company insiders own 1.82% of the company’s stock.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Univar during the 2nd quarter worth approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Univar by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 469 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Univar by 176.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 3,082 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Univar during the 3rd quarter worth approximately $203,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of 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 worth $247,000 after acquiring an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.
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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