Prudential Financial Inc. raised its stake in shares of Univar Inc. (NYSE:UNVR) by 90.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,000 shares of the basic materials company’s stock after buying an additional 32,800 shares during the quarter. Prudential Financial Inc.’s holdings in Univar were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IndexIQ Advisors LLC grew its holdings in shares of Univar by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 28,268 shares of the basic materials company’s stock valued at $818,000 after purchasing an additional 12,819 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Univar by 22.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 89,554 shares of the basic materials company’s stock valued at $2,591,000 after purchasing an additional 16,630 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Univar by 1,708.5% in the third quarter. Dupont Capital Management Corp now owns 248,239 shares of the basic materials company’s stock valued at $7,182,000 after purchasing an additional 234,513 shares in the last quarter. Mesirow Financial Investment Management Equity Management grew its holdings in shares of Univar by 3.8% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 589,055 shares of the basic materials company’s stock valued at $17,041,000 after purchasing an additional 21,645 shares in the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Univar in the third quarter valued at $260,000. 97.83% of the stock is owned by institutional investors and hedge funds.
Univar Inc. (NYSE:UNVR) traded down $0.36 during midday trading on Wednesday, reaching $29.41. 751,300 shares of the company’s stock traded hands, compared to its average volume of 851,858. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.21. The stock has a market capitalization of $4,193.02, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.50 and a beta of 1.43. Univar Inc. has a 52 week low of $24.92 and a 52 week high of $33.15.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.23 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.17 earnings per share. research analysts anticipate that Univar Inc. will post 1.03 EPS for the current fiscal year.
UNVR has been the subject of a number of recent research reports. Jefferies Group reissued a “buy” rating and issued a $39.00 target price on shares of Univar in a report on Friday, September 15th. Zacks Investment Research raised shares of Univar from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, August 8th. BidaskClub raised shares of Univar from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. SunTrust Banks reissued a “hold” rating on shares of Univar in a report on Monday, November 6th. Finally, Barclays reissued a “hold” rating and issued a $32.00 target price on shares of Univar in a report on Thursday, August 31st. 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. The company currently has an average rating of “Hold” and a consensus target price of $33.33.
In other Univar news, Director Mark John Byrne sold 50,391 shares of Univar stock in a transaction on 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 completion of the transaction, the director now directly owns 14,494 shares of the company’s stock, valued at $430,906.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher D. Pappas acquired 10,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $30.84 per share, with a total value of $308,400.00. Following the completion of the purchase, the director now directly owns 59,840 shares of the company’s stock, valued at $1,845,465.60. The disclosure for this purchase can be found here. 1.82% of the stock is owned by insiders.
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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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