Christopher Oversby Sells 18,362 Shares of Univar Inc. (UNVR) Stock
Univar Inc. (NYSE:UNVR) insider Christopher Oversby sold 18,362 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $20.22, for a total transaction of $371,279.64. Following the completion of the transaction, the insider now directly owns 99,479 shares of the company’s stock, valued at $2,011,465.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Univar Inc. (NYSE:UNVR) opened at 19.83 on Wednesday. The stock has a market cap of $2.74 billion, a PE ratio of 43.30 and a beta of 1.26. Univar Inc. has a 12-month low of $10.65 and a 12-month high of $22.09. The stock’s 50 day moving average is $19.66 and its 200-day moving average is $18.48.
Univar (NYSE:UNVR) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Univar had a net margin of 0.75% and a return on equity of 7.73%. The firm earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities analysts expect that Univar Inc. will post $0.72 EPS for the current year.
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A number of equities analysts have weighed in on UNVR shares. Jefferies Group started coverage on shares of Univar in a research note on Friday, September 9th. They set a “buy” rating and a $26.00 target price for the company. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Univar in a research note on Sunday, September 4th. Barclays PLC raised their target price on shares of Univar from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. Bank of America Corp. set a $22.00 price target on shares of Univar and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.20.
Large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new stake in Univar during the first quarter valued at about $419,000. Royce & Associates LP boosted its stake in Univar by 34.1% in the first quarter. Royce & Associates LP now owns 455,539 shares of the company’s stock valued at $7,826,000 after buying an additional 115,794 shares during the period. Spark Investment Management LLC boosted its stake in Univar by 472.4% in the first quarter. Spark Investment Management LLC now owns 69,800 shares of the company’s stock valued at $1,199,000 after buying an additional 57,605 shares during the period. State Street Corp boosted its stake in Univar by 8.1% in the first quarter. State Street Corp now owns 663,752 shares of the company’s stock valued at $11,406,000 after buying an additional 49,612 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Univar by 8.3% in the first quarter. Geode Capital Management LLC now owns 248,223 shares of the company’s stock valued at $4,264,000 after buying an additional 19,083 shares during the period. 80.17% of the stock is owned by institutional investors.
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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