Univar (NYSE:UNVR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $35.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.83% from the company’s current price.
According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
Other equities analysts also recently issued reports about the stock. Jefferies Group restated a “buy” rating and set a $39.00 price objective on shares of Univar in a research note on Friday, September 15th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, SunTrust Banks restated a “hold” rating on shares of Univar in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.50.
Univar (NYSE UNVR) traded up $0.20 during trading on Friday, hitting $31.58. 576,300 shares of the stock were exchanged, compared to its average volume of 630,438. Univar has a one year low of $26.80 and a one year high of $33.15. 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 cap of $4,450.00 and a P/E ratio of 137.30.
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 Zacks’ 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 the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $0.17 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. analysts expect that Univar will post 1.03 earnings per share for the current year.
In other news, Director Mark John Byrne sold 90,034 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $29.13, for a total value of $2,622,690.42. Following the sale, the director now directly owns 63,994 shares of the company’s stock, valued at approximately $1,864,145.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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. Over the last ninety days, insiders sold 10,140,425 shares of company stock worth $292,020,815. 1.82% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Univar in the 2nd quarter valued at about $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Univar by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 469 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Univar by 176.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 3,082 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Univar in the 3rd quarter valued at about $203,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Univar by 13.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 1,004 shares during the period. 97.72% of the stock is currently owned by institutional investors.
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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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