Stevens Capital Management LP cut its stake in shares of Univar Inc. (NYSE:UNVR) by 51.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,947 shares of the basic materials company’s stock after selling 47,074 shares during the quarter. Stevens Capital Management LP’s holdings in Univar were worth $1,271,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of Univar by 22.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 89,554 shares of the basic materials company’s stock valued at $2,591,000 after buying an additional 16,630 shares in the last quarter. Dupont Capital Management Corp increased its stake in shares of Univar by 1,708.5% in the third quarter. Dupont Capital Management Corp now owns 248,239 shares of the basic materials company’s stock valued at $7,182,000 after buying an additional 234,513 shares in the last quarter. Mesirow Financial Investment Management Equity Management increased its stake in shares of Univar by 3.8% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 589,055 shares of the basic materials company’s stock valued at $17,041,000 after buying an additional 21,645 shares in the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Univar in the third quarter valued at $260,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Univar in the third quarter valued at $203,000. 95.77% of the stock is owned by institutional investors.
Shares of Univar Inc. (NYSE UNVR) opened at $30.13 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $4,362.04, a PE ratio of 26.70, a P/E/G ratio of 2.60 and a beta of 1.47. Univar Inc. has a 12-month low of $23.48 and a 12-month high of $33.15.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.97 billion. Univar had a return on equity of 17.30% and a net margin of 0.41%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. analysts anticipate that Univar Inc. will post 1.03 EPS for the current year.
In other news, Director Christopher D. Pappas acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.82% of the stock is owned by company insiders.
A number of analysts have recently weighed in on UNVR shares. Jefferies Group LLC restated a “buy” rating and issued a $39.00 target price on shares of Univar in a research note on Friday, September 15th. Zacks Investment Research upgraded Univar from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, August 8th. Barclays PLC raised their target price on Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. BidaskClub upgraded Univar from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, SunTrust Banks, Inc. restated a “hold” rating on shares of Univar in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.33.
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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