Quantbot Technologies LP lessened its holdings in shares of Univar Inc. (NYSE:UNVR) by 65.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,706 shares of the basic materials company’s stock after selling 26,371 shares during the period. Quantbot Technologies LP’s holdings in Univar were worth $396,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of UNVR. SG Americas Securities LLC purchased a new stake in shares of Univar in the second quarter valued at $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Univar by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after buying an additional 469 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after buying an additional 3,082 shares during the period. Raymond James Trust N.A. purchased a new stake in shares of Univar in the third quarter worth about $203,000. Finally, Turner Investments LLC purchased a new stake in shares of Univar in the second quarter worth about $234,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.
In other Univar news, Director Mark John Byrne sold 50,391 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $29.73, for a total transaction of $1,498,124.43. Following the sale, the director now directly owns 14,494 shares of the company’s stock, valued at approximately $430,906.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher D. Pappas bought 10,000 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 59,840 shares in the company, valued at approximately $1,845,465.60. The disclosure for this purchase can be found here. 1.82% of the stock is currently owned by insiders.
Shares of Univar Inc. (NYSE UNVR) traded down $0.36 on Wednesday, reaching $29.41. 751,300 shares of the company’s stock were exchanged, compared to its average volume of 851,858. Univar Inc. has a 1 year low of $24.92 and a 1 year high of $33.15. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $4,193.02, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.50 and a beta of 1.43.
Univar (NYSE:UNVR) last posted its earnings results on Friday, November 3rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. Univar’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. analysts expect that Univar Inc. will post 1.03 earnings per share for the current fiscal year.
UNVR has been the topic of several research reports. Zacks Investment Research upgraded Univar from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub upgraded Univar from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. SunTrust Banks reissued a “hold” rating on shares of Univar in a report on Monday, November 6th. Jefferies Group reaffirmed a “buy” rating and set a $39.00 price target on shares of Univar in a research note on Friday, September 15th. Finally, Credit Suisse Group decreased their price target on Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock 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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