Research analysts at Deutsche Bank began coverage on shares of Univar (NYSE:UNVR) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “hold” rating on the basic materials company’s stock.
Several other equities research analysts also recently issued reports on UNVR. Zacks Investment Research upgraded Univar from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, February 28th. Vertical Research upgraded Univar from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, SunTrust Banks upgraded Univar from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.40.
Shares of Univar (UNVR) opened at $30.28 on Wednesday. The company has a market capitalization of $4,257.53, a PE ratio of 35.62, a P/E/G ratio of 1.28 and a beta of 1.21. The company has a current ratio of 1.77, a quick ratio of 1.21 and a debt-to-equity ratio of 2.59. Univar has a twelve month low of $25.79 and a twelve month high of $32.53.
Univar (NYSE:UNVR) last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.85 billion. Univar had a return on equity of 17.25% and a net margin of 1.45%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. research analysts predict that Univar will post 1.74 earnings per share for the current year.
In other news, Director Mark John Byrne sold 90,034 shares of the business’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 directly owns 63,994 shares in the company, valued at approximately $1,864,145.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $28.79, for a total value of $287,900,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,183,621 shares of company stock worth $293,436,742 over the last 90 days. 1.82% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of 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 valued at $162,000 after acquiring an additional 2,932 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Univar by 45.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 1,941 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Univar in the 4th quarter valued at approximately $222,000. Rehmann Capital Advisory Group bought a new stake in shares of Univar in the 4th quarter valued at approximately $223,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Univar in the 4th quarter valued at approximately $275,000. Institutional investors and hedge funds own 95.28% 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.