Christopher Oversby Sells 18,362 Shares of Univar Inc. (UNVR) Stock
Univar Inc. (NYSE:UNVR) insider Christopher Oversby sold 18,362 shares of Univar stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $20.22, for a total value of $371,279.64. Following the sale, the insider now directly owns 99,479 shares of the company’s stock, valued at approximately $2,011,465.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Christopher Oversby also recently made the following trade(s):
- On Tuesday, September 20th, Christopher Oversby sold 22,241 shares of Univar stock. The stock was sold at an average price of $20.01, for a total value of $445,042.41.
Univar Inc. (NYSE:UNVR) opened at 20.88 on Friday. The company has a 50-day moving average price of $19.81 and a 200-day moving average price of $18.51. Univar Inc. has a 12-month low of $10.65 and a 12-month high of $22.09. The firm has a market cap of $2.88 billion, a PE ratio of 45.59 and a beta of 1.26.
Univar (NYSE:UNVR) last posted its earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.23 billion. Univar had a return on equity of 7.73% and a net margin of 0.75%. Univar’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) earnings per share. On average, equities analysts predict that Univar Inc. will post $0.72 earnings per share for the current year.
Several brokerages have recently issued reports on UNVR. Credit Suisse Group AG reissued a “neutral” rating on shares of Univar in a report on Friday, June 17th. Barclays PLC cut Univar from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a report on Friday, June 24th. They noted that the move was a valuation call. Zacks Investment Research cut Univar from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Bank of America Corp. set a $22.00 price objective on Univar and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Univar in a report on Sunday, September 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Univar has a consensus rating of “Hold” and a consensus target price of $22.20.
Several institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Univar during the second quarter valued at about $123,000. Teacher Retirement System of Texas raised its position in shares of Univar by 62.0% in the second quarter. Teacher Retirement System of Texas now owns 6,808 shares of the company’s stock valued at $129,000 after buying an additional 2,606 shares during the last quarter. Legal & General Group Plc raised its position in shares of Univar by 41.5% in the first quarter. Legal & General Group Plc now owns 7,235 shares of the company’s stock valued at $125,000 after buying an additional 2,123 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Univar during the second quarter valued at about $261,000. Finally, Sei Investments Co. purchased a new position in shares of Univar during the second quarter valued at about $326,000. 80.17% of the stock is currently owned by institutional investors.
Univar Company Profile
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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