Man Group plc boosted its position in Univar Inc (NYSE:UNVR) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,694 shares of the basic materials company’s stock after purchasing an additional 11,472 shares during the period. Man Group plc owned about 0.36% of Univar worth $15,688,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNVR. FMR LLC increased its position in Univar by 2.9% during the third quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock worth $309,944,000 after buying an additional 282,560 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in 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 during the last quarter. BlackRock Inc. boosted its holdings in Univar by 11.8% in the second quarter. BlackRock Inc. now owns 4,942,775 shares of the basic materials company’s stock valued at $129,698,000 after acquiring an additional 521,840 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Univar by 12.6% in the third quarter. Franklin Resources Inc. now owns 4,351,362 shares of the basic materials company’s stock valued at $133,411,000 after acquiring an additional 485,488 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new position in Univar in the third quarter valued at $54,302,000. 93.66% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:UNVR traded down $0.23 during trading on Friday, hitting $19.66. 1,203,394 shares of the company traded hands, compared to its average volume of 1,857,962. The firm has a market capitalization of $2.84 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. Univar Inc has a one year low of $16.33 and a one year high of $31.84. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 2.07.Univar (NYSE:UNVR) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.18 billion. Univar had a return on equity of 19.82% and a net margin of 2.30%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, analysts predict that Univar Inc will post 1.61 EPS for the current fiscal year.
A number of research analysts have commented on the company. Wells Fargo & Co reduced their price objective on Univar from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, December 21st. Berenberg Bank set a $27.00 price target on Univar and gave the stock a “buy” rating in a research note on Friday, November 23rd. TheStreet cut Univar from a “b-” rating to a “c+” rating in a research note on Tuesday, December 4th. ValuEngine cut Univar from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Deutsche Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Univar in a report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.20.
In related news, insider Stephen D. Newlin acquired 3,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average price of $23.02 per share, for a total transaction of $69,060.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey W. Carr bought 1,500 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $23.29 per share, for a total transaction of $34,935.00. The disclosure for this purchase can be found here. Insiders acquired 14,500 shares of company stock valued at $335,095 over the last 90 days. 0.55% of the stock is currently owned by insiders.
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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