Univar Inc. (NYSE:UNVR) Given Consensus Recommendation of “Hold” by Brokerages
Univar Inc. (NYSE:UNVR) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.75.
Several research firms have commented on UNVR. Wells Fargo & Co. reissued a “hold” rating on shares of Univar in a research report on Sunday, September 4th. Jefferies Group began coverage on shares of Univar in a research report on Friday, September 9th. They set a “buy” rating and a $26.00 price target for the company. Barclays PLC increased their price target on shares of Univar from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 16th. Zacks Investment Research lowered shares of Univar from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Finally, Bank of America Corp. set a $22.00 price target on shares of Univar and gave the company a “buy” rating in a research report on Thursday, August 11th.
In other Univar news, Director Christopher D. Pappas purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $19.33 per share, for a total transaction of $96,650.00. Following the acquisition, the director now owns 55,088 shares in the company, valued at $1,064,851.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nv Univar sold 20,527,358 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $19.00, for a total transaction of $390,019,802.00. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.
A number of institutional investors have recently modified their holdings of UNVR. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Univar during the second quarter valued at $123,000. Legal & General Group Plc increased its position in shares of Univar by 41.5% in the first quarter. Legal & General Group Plc now owns 7,235 shares of the company’s stock valued at $125,000 after buying an additional 2,123 shares during the period. Teacher Retirement System of Texas increased its position in shares of Univar by 62.0% in the second quarter. Teacher Retirement System of Texas now owns 6,808 shares of the company’s stock valued at $129,000 after buying an additional 2,606 shares during the period. KCG Holdings Inc. acquired a new position in shares of Univar during the second quarter valued at $261,000. Finally, Sei Investments Co. acquired a new position in shares of Univar during the second quarter valued at $326,000. Institutional investors own 80.17% of the company’s stock.
Univar (NYSE:UNVR) traded up 0.360% during trading on Wednesday, hitting $20.925. 156,635 shares of the company were exchanged. Univar has a 1-year low of $10.65 and a 1-year high of $22.09. The stock has a market capitalization of $2.89 billion, a PE ratio of 45.688 and a beta of 1.26. The firm’s 50 day moving average price is $20.02 and its 200-day moving average price is $18.64.
Univar (NYSE:UNVR) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The business earned $2.30 billion during the quarter, compared to analyst estimates of $2.23 billion. Univar had a net margin of 0.75% and a return on equity of 7.73%. The company’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. Equities analysts predict that Univar will post $0.72 EPS for the current year.
Univar Company Profile
Univar Inc is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region.
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