Wells Fargo & Company MN lowered its position in Univar Inc. (NYSE:UNVR) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,015,615 shares of the basic materials company’s stock after selling 42,224 shares during the period. Wells Fargo & Company MN owned approximately 2.14% of Univar worth $87,241,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UNVR. SG Americas Securities LLC acquired a new position in Univar in the second quarter valued at approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Univar by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 469 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 3,082 shares during the period. Raymond James Trust N.A. acquired a new position in Univar in the third quarter valued at approximately $203,000. Finally, Turner Investments LLC acquired a new position in Univar in the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.
In other news, Director Christopher D. Pappas acquired 10,000 shares of Univar stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $30.84 per share, with a total value of $308,400.00. Following the purchase, the director now owns 59,840 shares in the company, valued at $1,845,465.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark John Byrne sold 50,391 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $29.73, for a total value of $1,498,124.43. Following the completion of the transaction, the director now directly owns 14,494 shares of the company’s stock, valued at $430,906.62. The disclosure for this sale can be found here. Corporate insiders own 1.82% of the company’s stock.
Univar (NYSE:UNVR) last announced 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. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.97 billion. Univar had a return on equity of 17.30% and a net margin of 0.41%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. research analysts forecast that Univar Inc. will post 1.03 EPS for the current year.
A number of brokerages have issued reports on UNVR. Zacks Investment Research raised Univar from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, August 8th. BidaskClub downgraded Univar from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Barclays reissued a “hold” rating and issued a $32.00 price target on shares of Univar in a report on Thursday, August 31st. SunTrust Banks reaffirmed a “hold” rating on shares of Univar in a research note on Monday, November 6th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $39.00 target price on shares of Univar in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Univar presently has an average rating of “Hold” and an average price target of $33.33.
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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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