Highbridge Capital Management LLC Has $4.45 Million Position in Univar Inc (UNVR)

Highbridge Capital Management LLC boosted its stake in shares of Univar Inc (NYSE:UNVR) by 17.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,914 shares of the basic materials company’s stock after purchasing an additional 22,390 shares during the quarter. Highbridge Capital Management LLC owned approximately 0.11% of Univar worth $4,452,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Univar by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock worth $241,076,000 after acquiring an additional 632,898 shares during the period. BlackRock Inc. boosted its position in Univar by 12.3% during the 2nd quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock worth $122,603,000 after acquiring an additional 459,808 shares during the period. Franklin Resources Inc. boosted its position in Univar by 5.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,910,216 shares of the basic materials company’s stock worth $114,157,000 after acquiring an additional 185,186 shares during the period. Wells Fargo & Company MN boosted its position in Univar by 7.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,057,839 shares of the basic materials company’s stock worth $89,288,000 after acquiring an additional 223,229 shares during the period. Finally, Bamco Inc. NY boosted its position in Univar by 5.8% during the 2nd quarter. Bamco Inc. NY now owns 1,825,000 shares of the basic materials company’s stock worth $53,290,000 after acquiring an additional 100,000 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

UNVR has been the subject of a number of analyst reports. BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. SunTrust Banks reiterated a “hold” rating on shares of Univar in a research report on Monday, November 6th. Zacks Investment Research lowered Univar from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Barclays reiterated a “hold” rating and set a $32.00 price target on shares of Univar in a research report on Thursday, August 31st. Finally, Jefferies Group reiterated a “buy” rating and set a $39.00 price target on shares of Univar in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Univar currently has a consensus rating of “Hold” and an average target price of $33.33.

Shares of Univar Inc (UNVR) traded down $0.15 during trading on Wednesday, hitting $29.08. The stock had a trading volume of 492,500 shares, compared to its average volume of 845,774. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.21 and a current ratio of 1.79. The firm has a market capitalization of $4,116.96, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.46 and a beta of 1.43. Univar Inc has a twelve month low of $25.40 and a twelve month high of $33.15.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.97 billion. Univar had a return on equity of 17.30% and a net margin of 0.41%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. equities research analysts expect that Univar Inc will post 1.03 EPS for the current year.

In other news, Director Mark John Byrne sold 50,391 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was 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 $430,906.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher D. Pappas bought 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $30.84 per share, for a total transaction of $308,400.00. Following the completion of the transaction, 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. Corporate insiders own 1.82% of the company’s stock.

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About Univar

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.

Institutional Ownership by Quarter for Univar (NYSE:UNVR)

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