Gotham Asset Management LLC Trims Stake in Univar Inc. (UNVR)
Gotham Asset Management LLC trimmed its position in Univar Inc. (NYSE:UNVR) by 70.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,725 shares of the basic materials company’s stock after selling 348,375 shares during the quarter. Gotham Asset Management LLC owned about 0.10% of Univar worth $4,255,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of UNVR. Ameritas Investment Partners Inc. bought a new stake in shares of Univar in the first quarter worth about $114,000. SG Americas Securities LLC bought a new stake in shares of Univar in the second quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Univar by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 469 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Univar in the first quarter worth about $229,000. 96.65% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on UNVR shares. Zacks Investment Research cut Univar from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group reduced their price objective on Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. BidaskClub cut Univar from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Barclays PLC reissued a “hold” rating and set a $32.00 price objective on shares of Univar in a research note on Thursday, August 31st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $39.00 price objective on shares of Univar in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.33.
Univar Inc. (UNVR) traded down 0.10% on Thursday, hitting $28.91. The stock had a trading volume of 8,810 shares. Univar Inc. has a 12 month low of $20.54 and a 12 month high of $33.15. The firm’s 50 day moving average price is $28.68 and its 200-day moving average price is $28.68. The stock’s market cap is $4.04 billion.
Univar (NYSE:UNVR) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ 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 last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts forecast that Univar Inc. will post $0.90 EPS for the current year.
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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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