First Trust Advisors LP increased its position in Univar Inc (NYSE:UNVR) by 56.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,794 shares of the basic materials company’s stock after acquiring an additional 76,161 shares during the quarter. First Trust Advisors LP owned about 0.12% of Univar worth $4,671,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in UNVR. Nisa Investment Advisors LLC purchased a new stake in Univar in the 1st quarter valued at $27,000. Penserra Capital Management LLC purchased a new stake in Univar in the 4th quarter valued at $35,000. Meeder Asset Management Inc. grew its holdings in Univar by 291.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,849 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,377 shares in the last quarter. US Bancorp DE grew its holdings in Univar by 41.4% in the 1st quarter. US Bancorp DE now owns 1,892 shares of the basic materials company’s stock valued at $42,000 after buying an additional 554 shares in the last quarter. Finally, Skylands Capital LLC grew its holdings in Univar by 216.7% in the 4th quarter. Skylands Capital LLC now owns 3,800 shares of the basic materials company’s stock valued at $67,000 after buying an additional 2,600 shares in the last quarter.
In other Univar news, Director Christopher D. Pappas purchased 10,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $22.41 per share, with a total value of $224,100.00. Following the purchase, the director now directly owns 11,911 shares in the company, valued at approximately $266,925.51. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.
UNVR has been the subject of several analyst reports. Wells Fargo & Co set a $27.00 target price on Univar and gave the company a “buy” rating in a report on Monday, April 8th. Zacks Investment Research upgraded Univar from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Monday, June 3rd. Barclays restated a “hold” rating and issued a $26.00 target price on shares of Univar in a report on Wednesday, March 6th. Berenberg Bank cut Univar from a “buy” rating to a “hold” rating and dropped their target price for the company from $27.00 to $25.00 in a report on Wednesday, April 17th. Finally, Goldman Sachs Group initiated coverage on Univar in a report on Thursday, April 18th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $26.80.
Shares of Univar stock opened at $21.62 on Wednesday. Univar Inc has a 52 week low of $16.33 and a 52 week high of $31.23. The firm has a market capitalization of $3.66 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.53. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 2.07.
Univar (NYSE:UNVR) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.10. Univar had a return on equity of 16.35% and a net margin of 0.50%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts forecast that Univar Inc will post 1.62 earnings per share for the current fiscal year.
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Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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