Acadian Asset Management LLC decreased its stake in Univar Inc. (NYSE:UNVR) by 54.6% during the second quarter, Holdings Channel reports. The institutional investor owned 36,528 shares of the basic materials company’s stock after selling 43,964 shares during the period. Acadian Asset Management LLC’s holdings in Univar were worth $1,066,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake 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 in the last quarter. Iridian Asset Management LLC CT raised its stake 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 in the last quarter. Wells Fargo & Company MN raised its stake 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake 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 in the last quarter. Institutional investors own 96.70% of the company’s stock.
Shares of Univar Inc. (NYSE UNVR) traded down 1.73% during midday trading on Thursday, hitting $27.78. The stock had a trading volume of 433,863 shares. The firm has a 50-day moving average price of $29.77 and a 200-day moving average price of $30.28. The firm’s market cap is $3.91 billion. Univar Inc. has a 1-year low of $18.60 and a 1-year high of $33.15.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company earned $0.29 earnings per share. Univar’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Univar Inc. will post $1.04 EPS for the current fiscal year.
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UNVR has been the subject of several research analyst reports. Zacks Investment Research lowered Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and set a $39.00 price target (up from $36.00) on shares of Univar in a research note on Wednesday, May 17th. BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Berenberg Bank initiated coverage on Univar in a research note on Thursday, July 6th. They set a “sell” rating and a $24.00 price target for the company. Finally, Barclays PLC upped their price target on Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Univar presently has an average rating of “Hold” and an average price target of $31.29.
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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