BlueMountain Capital Management LLC Invests $6.04 Million in Univar Inc. (UNVR)
BlueMountain Capital Management LLC acquired a new position in Univar Inc. (NYSE:UNVR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 206,874 shares of the basic materials company’s stock, valued at approximately $6,041,000. BlueMountain Capital Management LLC owned approximately 0.15% of Univar at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of UNVR. Ameritas Investment Partners Inc. purchased a new stake in shares of Univar in the 1st quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Univar by 64.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 1,480 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Univar in the 2nd quarter worth $122,000. BNP Paribas Arbitrage SA increased its stake in shares of Univar by 176.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 3,082 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Univar in the 1st quarter worth $229,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.
UNVR has been the subject of several analyst reports. BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Berenberg Bank started coverage on shares of Univar in a report on Thursday, July 6th. They issued a “sell” rating and a $24.00 target price for the company. Zacks Investment Research downgraded shares of Univar from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Barclays PLC upped their target price on shares of Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.33.
Shares of Univar Inc. (UNVR) traded down 0.07% on Friday, reaching $28.10. 486,983 shares of the company traded hands. The company has a 50-day moving average of $28.21 and a 200-day moving average of $30.07. The stock’s market capitalization is $3.95 billion. Univar Inc. has a 1-year low of $19.97 and a 1-year high of $33.15.
Univar (NYSE:UNVR) last released its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Analysts anticipate that Univar Inc. will post $0.92 earnings per share for the current fiscal year.
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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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