TIAA CREF Investment Management LLC increased its position in shares of Univar Inc (NYSE:UNVR) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 596,276 shares of the basic materials company’s stock after acquiring an additional 48,202 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.42% of Univar worth $18,282,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Teachers Advisors LLC boosted its stake in shares of Univar by 2.6% during the third quarter. Teachers Advisors LLC now owns 766,593 shares of the basic materials company’s stock valued at $23,504,000 after acquiring an additional 19,126 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Univar during the third quarter valued at $13,366,000. Baupost Group LLC MA acquired a new stake in shares of Univar during the third quarter valued at $54,302,000. AQR Capital Management LLC boosted its stake in shares of Univar by 62.7% during the third quarter. AQR Capital Management LLC now owns 193,080 shares of the basic materials company’s stock valued at $5,920,000 after acquiring an additional 74,384 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Univar by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 815,152 shares of the basic materials company’s stock valued at $24,992,000 after acquiring an additional 33,072 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.
A number of brokerages have issued reports on UNVR. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. Vertical Research raised Univar from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. Wells Fargo & Co set a $27.00 price objective on Univar and gave the company a “buy” rating in a research note on Wednesday, November 7th. ValuEngine lowered Univar from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Finally, TheStreet lowered Univar from a “b-” rating to a “c+” rating in a research note on Tuesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Univar has an average rating of “Buy” and an average price target of $29.20.
In other news, insider Stephen D. Newlin purchased 3,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were bought at an average cost of $23.02 per share, for a total transaction of $69,060.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher D. Pappas purchased 10,000 shares of Univar stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average cost of $23.11 per share, for a total transaction of $231,100.00. The disclosure for this purchase can be found here. Insiders have purchased 14,500 shares of company stock valued at $335,095 in the last ninety days. Company insiders own 0.55% of the company’s stock.
Shares of NYSE UNVR opened at $20.44 on Friday. Univar Inc has a one year low of $16.33 and a one year high of $31.48. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 0.94 and a beta of 1.46.
Univar (NYSE:UNVR) last released its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). Univar had a net margin of 2.30% and a return on equity of 19.82%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business earned $0.36 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Univar Inc will post 1.61 EPS for the current fiscal year.
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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