Univar Inc (NYSE:UNVR) Holdings Lifted by Geode Capital Management LLC
Geode Capital Management LLC grew its position in Univar Inc (NYSE:UNVR) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,107,035 shares of the basic materials company’s stock after buying an additional 54,526 shares during the period. Geode Capital Management LLC’s holdings in Univar were worth $19,638,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of UNVR. Iridian Asset Management LLC CT grew its position in shares of Univar by 29.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 10,971,291 shares of the basic materials company’s stock worth $194,631,000 after buying an additional 2,520,455 shares during the period. Baupost Group LLC MA grew its holdings in Univar by 436.4% during the fourth quarter. Baupost Group LLC MA now owns 9,500,000 shares of the basic materials company’s stock valued at $168,530,000 after purchasing an additional 7,728,900 shares during the period. BlackRock Inc. grew its holdings in Univar by 3.2% during the fourth quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock valued at $85,354,000 after purchasing an additional 147,168 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Univar by 3.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,300,259 shares of the basic materials company’s stock valued at $76,286,000 after purchasing an additional 161,521 shares during the period. Finally, Norges Bank acquired a new position in Univar during the fourth quarter valued at approximately $71,288,000.
Shares of UNVR stock opened at $21.62 on Wednesday. The firm has a market capitalization of $3.66 billion, a P/E ratio of 13.35, a PEG ratio of 1.40 and a beta of 1.53. Univar Inc has a twelve month low of $16.33 and a twelve month high of $31.23. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.45 and a current ratio of 2.04.
In related news, Director Christopher D. Pappas bought 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $22.41 per share, with a total value of $224,100.00. Following the completion of the purchase, the director now 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 a number of recent analyst reports. Barclays restated a “hold” rating and set a $26.00 target price on shares of Univar in a report on Wednesday, March 6th. Wells Fargo & Co set a $27.00 price target on Univar and gave the stock a “buy” rating in a research note on Monday, April 8th. Berenberg Bank cut Univar from a “buy” rating to a “hold” rating and reduced their price target for the stock from $27.00 to $25.00 in a research note on Wednesday, April 17th. Goldman Sachs Group began coverage on Univar in a research note on Thursday, April 18th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised Univar from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.80.
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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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