Univar Inc (UNVR) Director Christopher D. Pappas Buys 10,000 Shares of Stock

Univar Inc (NYSE:UNVR) Director Christopher D. Pappas acquired 10,000 shares of Univar stock in a transaction dated Thursday, November 8th. The stock was purchased at an average price of $23.11 per share, for a total transaction of $231,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:UNVR traded down $0.08 during midday trading on Friday, hitting $22.79. The stock had a trading volume of 91,563 shares, compared to its average volume of 1,973,931. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 2.21. Univar Inc has a 1 year low of $20.08 and a 1 year high of $31.95.

Univar (NYSE:UNVR) last issued its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Univar had a net margin of 2.30% and a return on equity of 20.20%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, research analysts forecast that Univar Inc will post 1.6 EPS for the current year.

Several equities research analysts recently commented on UNVR shares. Wells Fargo & Co set a $27.00 price target on shares of Univar and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank reiterated a “buy” rating and set a $35.00 price target on shares of Univar in a research note on Friday, September 21st. Berenberg Bank upgraded shares of Univar from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, September 4th. Goldman Sachs Group upgraded shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. Finally, Barclays cut their price target on shares of Univar from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.40.

Several large investors have recently modified their holdings of the company. Iridian Asset Management LLC CT boosted its holdings in shares of Univar by 23.9% in the third quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock valued at $259,103,000 after acquiring an additional 1,628,591 shares in the last quarter. BlackRock Inc. boosted its holdings in Univar by 11.8% during the second quarter. BlackRock Inc. now owns 4,942,775 shares of the basic materials company’s stock worth $129,698,000 after buying an additional 521,840 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Univar by 9.8% during the second quarter. Wells Fargo & Company MN now owns 4,171,595 shares of the basic materials company’s stock worth $109,462,000 after buying an additional 373,454 shares in the last quarter. American Century Companies Inc. purchased a new stake in Univar during the third quarter worth about $50,565,000. Finally, Millennium Management LLC boosted its holdings in Univar by 113.0% during the second quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock worth $41,372,000 after buying an additional 836,522 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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Univar Company Profile

Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.

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Insider Buying and Selling by Quarter for Univar (NYSE:UNVR)

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