Univar Inc. (UNVR) Holdings Lifted by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its stake in shares of Univar Inc. (NYSE:UNVR) by 176.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,824 shares of the basic materials company’s stock after purchasing an additional 3,082 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Univar were worth $141,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of UNVR. Ameritas Investment Partners Inc. acquired a new stake in shares of Univar in the first quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Univar by 64.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 1,480 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Univar in the second quarter worth $122,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Univar in the first quarter worth $229,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Univar in the first quarter worth $254,000. Institutional investors and hedge funds own 96.65% of the company’s stock.
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Shares of Univar Inc. (UNVR) opened at 28.21 on Thursday. The firm’s market cap is $3.97 billion. The company’s 50-day moving average is $28.16 and its 200 day moving average is $28.16. Univar Inc. has a 52-week low of $20.54 and a 52-week high of $33.15.
Univar (NYSE:UNVR) last released its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. Univar’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect that Univar Inc. will post $0.92 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on UNVR. Zacks Investment Research lowered shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC increased their price objective on shares of Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Berenberg Bank began coverage on shares of Univar in a research note on Thursday, July 6th. They issued a “sell” rating and a $24.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price objective on shares of Univar in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Univar presently has a consensus rating of “Hold” and an average target price of $33.33.
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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