Caxton Associates LP purchased a new position in shares of Univar Inc. (NYSE:UNVR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 265,000 shares of the basic materials company’s stock, valued at approximately $7,666,000. Caxton Associates LP owned 0.19% of Univar at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Univar during the 2nd quarter worth $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Univar by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 469 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Univar by 176.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 3,082 shares during the period. Raymond James Trust N.A. acquired a new stake in Univar during the 3rd quarter worth $203,000. Finally, Turner Investments LLC acquired a new stake in Univar during the 2nd quarter worth $234,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.
Univar Inc. (NYSE:UNVR) traded down $0.23 during mid-day trading on Friday, hitting $29.02. 359,297 shares of the stock traded hands, compared to its average volume of 692,062. Univar Inc. has a one year low of $25.40 and a one year high of $33.15. The firm has a market cap of $4,119.78, a PE ratio of 25.22, a PEG ratio of 2.46 and a beta of 1.43. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.21.
Univar (NYSE:UNVR) last released its earnings results on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.13. Univar had a net margin of 0.41% and a return on equity of 17.30%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business earned $0.17 EPS. The business’s revenue was up 2.5% on a year-over-year basis. equities research analysts forecast that Univar Inc. will post 1.03 earnings per share for the current year.
UNVR has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Univar from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Credit Suisse Group reduced their target price on shares of Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, August 31st. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. SunTrust Banks restated a “hold” rating on shares of Univar in a research note on Monday, November 6th. Finally, Barclays restated a “hold” rating and issued a $32.00 target price on shares of Univar in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Univar currently has an average rating of “Hold” and a consensus target price of $33.33.
In related news, Director Christopher D. Pappas purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $30.84 per share, for a total transaction of $308,400.00. Following the acquisition, the director now directly owns 59,840 shares of the company’s stock, valued at approximately $1,845,465.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark John Byrne sold 50,391 shares of the 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 completion of the transaction, the director now owns 14,494 shares of the company’s stock, valued at approximately $430,906.62. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company 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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