Jennison Associates LLC Has $155.04 Million Holdings in Univar Inc. (UNVR)
Jennison Associates LLC decreased its stake in Univar Inc. (NYSE:UNVR) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,359,264 shares of the basic materials company’s stock after selling 730,585 shares during the period. Jennison Associates LLC owned 3.81% of Univar worth $155,044,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Univar in the 2nd quarter valued at $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 buying an additional 469 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 buying an additional 3,082 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of Univar in the 3rd quarter valued at $203,000. Finally, Turner Investments LLC acquired a new position in shares of Univar in the 2nd quarter valued at $234,000. Institutional investors and hedge funds own 96.71% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Univar from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC upped their price target on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Univar in a research report on Monday, November 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price target on shares of Univar in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.33.
Univar Inc. (UNVR) traded up $0.68 during mid-day trading on Friday, reaching $30.97. 1,156,282 shares of the company traded hands, compared to its average volume of 857,362. Univar Inc. has a 1 year low of $23.48 and a 1 year high of $33.15. The stock has a market cap of $4,266.26, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 2.55 and a beta of 1.47. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 1.79.
Univar (NYSE:UNVR) last released its quarterly earnings results on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, beating the 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 firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. Univar’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts anticipate that Univar Inc. will post 1.03 EPS for the current year.
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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