Insider Buying: Univar Inc. (UNVR) Director Acquires 10,000 Shares of Stock
Univar Inc. (NYSE:UNVR) Director Christopher D. Pappas purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $30.84 per share, for a total transaction of $308,400.00. Following the completion of the acquisition, the director now directly owns 59,840 shares of the company’s stock, valued at approximately $1,845,465.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Univar Inc. (NYSE UNVR) traded up $0.68 on Monday, reaching $30.97. 1,156,200 shares of the company’s stock traded hands, compared to its average volume of 863,398. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $4,230.00 and a P/E ratio of 26.70. Univar Inc. has a fifty-two week low of $23.48 and a fifty-two week high of $33.15.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. sell-side analysts expect that Univar Inc. will post 1.03 earnings per share for the current fiscal year.
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A number of analysts recently issued reports on UNVR shares. Credit Suisse Group lowered their price target on shares of Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, August 31st. Zacks Investment Research raised shares of Univar from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $39.00 price target on shares of Univar in a report on Friday, September 15th. BidaskClub downgraded shares of Univar from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, Barclays PLC increased their price objective on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.33.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Westfield Capital Management Co. LP lifted its stake in shares of Univar by 19.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,129,934 shares of the basic materials company’s stock worth $32,689,000 after buying an additional 182,595 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Univar by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 665,609 shares of the basic materials company’s stock worth $19,256,000 after buying an additional 20,419 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Univar by 12.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 512,311 shares of the basic materials company’s stock worth $14,822,000 after buying an additional 57,738 shares in the last quarter. Crystal Rock Capital Management purchased a new position in shares of Univar in the third quarter worth about $2,198,000. Finally, Schroder Investment Management Group purchased a new position in shares of Univar in the third quarter worth about $365,000. 95.77% of the stock is currently owned by institutional investors and hedge funds.
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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