SunTrust Banks upgraded shares of Univar (NYSE:UNVR) from a hold rating to a buy rating in a report published on Tuesday, Marketbeat reports.
Separately, Zacks Investment Research upgraded shares of Univar from a sell rating to a hold rating and set a $35.00 price target on the stock in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Univar has a consensus rating of Hold and an average target price of $33.20.
Univar (NYSE:UNVR) opened at $27.42 on Tuesday. Univar has a fifty-two week low of $25.79 and a fifty-two week high of $33.15. 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 firm has a market cap of $3,860.00 and a P/E ratio of 119.22.
In other Univar news, insider Dahlia Investments Pte. Ltd. sold 2,015 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $31.12, for a total value of $62,706.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark John Byrne sold 90,034 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $29.13, for a total value of $2,622,690.42. Following the completion of the sale, the director now owns 63,994 shares in the company, valued at approximately $1,864,145.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,183,621 shares of company stock worth $293,436,742. 1.82% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Univar by 125.8% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,262 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 2,932 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Univar by 45.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 1,941 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Univar in the 3rd quarter worth approximately $203,000. Stone Ridge Asset Management LLC purchased a new stake in Univar in the 4th quarter worth approximately $222,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in 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 worth $247,000 after purchasing an additional 1,004 shares in the last quarter. Institutional investors and hedge funds own 98.00% of the company’s stock.
Univar Company Profile
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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