Univar Inc. (NYSE:UNVR) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.75.
UNVR has been the topic of a number of recent research reports. Barclays PLC boosted their target price on Univar from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, August 16th. Jefferies Group initiated coverage on Univar in a report on Friday, September 9th. They issued a “buy” rating and a $26.00 target price on the stock. Wells Fargo & Co. reissued a “hold” rating on shares of Univar in a report on Sunday, September 4th. Bank of America Corp. set a $22.00 target price on Univar and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Credit Suisse Group AG reissued a “neutral” rating on shares of Univar in a report on Friday, June 17th.
Shares of Univar (NYSE:UNVR) traded up 0.360% on Wednesday, reaching $20.925. The company’s stock had a trading volume of 156,635 shares. The stock has a market capitalization of $2.89 billion, a P/E ratio of 45.688 and a beta of 1.26. Univar has a 1-year low of $10.65 and a 1-year high of $22.09. The company has a 50 day moving average of $20.02 and a 200 day moving average of $18.64.
Univar (NYSE:UNVR) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.23 billion. Univar had a return on equity of 7.73% and a net margin of 0.75%. The firm’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share. Equities research analysts expect that Univar will post $0.72 earnings per share for the current fiscal year.
In other Univar news, major shareholder Nv Univar sold 20,527,358 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $19.00, for a total transaction of $390,019,802.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher D. Pappas bought 5,000 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were purchased at an average price of $19.33 per share, for a total transaction of $96,650.00. Following the completion of the transaction, the director now owns 55,088 shares of the company’s stock, valued at approximately $1,064,851.04. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in Univar by 5.0% in the second quarter. UBS Asset Management Americas Inc. now owns 22,986 shares of the company’s stock worth $435,000 after buying an additional 1,086 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Univar by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 120,574 shares of the company’s stock worth $2,281,000 after buying an additional 1,350 shares during the last quarter. American International Group Inc. increased its stake in Univar by 6.0% in the second quarter. American International Group Inc. now owns 24,756 shares of the company’s stock worth $468,000 after buying an additional 1,403 shares during the last quarter. Legal & General Group Plc increased its stake in Univar by 41.5% in the first quarter. Legal & General Group Plc now owns 7,235 shares of the company’s stock worth $125,000 after buying an additional 2,123 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in Univar by 8.6% in the second quarter. Nationwide Fund Advisors now owns 28,096 shares of the company’s stock worth $531,000 after buying an additional 2,218 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.
Univar Company Profile
Univar Inc is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region.
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