Univar (UNVR) Stock Rating Lowered by Zacks Investment Research

Univar (NYSE:UNVR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “

Other analysts also recently issued reports about the stock. Jefferies Group reiterated a “buy” rating and issued a $39.00 target price on shares of Univar in a report on Friday, September 15th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Univar in a report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.33.

Shares of Univar (NYSE:UNVR) opened at $30.76 on Friday. The firm has a market cap of $4,358.81, a P/E ratio of 133.74, a PEG ratio of 1.69 and a beta of 1.43. Univar has a one year low of $26.80 and a one year high of $33.15. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.

Univar (NYSE:UNVR) last issued its quarterly earnings results on Friday, November 3rd. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. research analysts anticipate that Univar will post 1.03 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 shares were sold at an average price of $29.13, for a total transaction of $2,622,690.42. Following the sale, the director now owns 63,994 shares in the company, valued at $1,864,145.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $287,900,000.00. The disclosure for this sale can be found here. Insiders sold a total of 10,140,425 shares of company stock worth $292,020,815 over the last quarter. Insiders own 1.82% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Univar by 8.3% during the second quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock valued at $241,076,000 after acquiring an additional 632,898 shares during the period. BlackRock Inc. raised its holdings in shares of Univar by 12.3% during the second quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock valued at $122,603,000 after acquiring an additional 459,808 shares during the period. Franklin Resources Inc. raised its holdings in shares of Univar by 5.0% during the second quarter. Franklin Resources Inc. now owns 3,910,216 shares of the basic materials company’s stock valued at $114,157,000 after acquiring an additional 185,186 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Univar by 7.9% during the second quarter. Wells Fargo & Company MN now owns 3,057,839 shares of the basic materials company’s stock valued at $89,288,000 after acquiring an additional 223,229 shares during the period. Finally, Bamco Inc. NY raised its holdings in shares of Univar by 37.0% during the third quarter. Bamco Inc. NY now owns 2,500,000 shares of the basic materials company’s stock valued at $72,325,000 after acquiring an additional 675,000 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

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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.

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