First Quadrant L P CA Purchases Shares of 83,942 Univar Inc. (UNVR)

First Quadrant L P CA bought a new stake in Univar Inc. (NYSE:UNVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 83,942 shares of the basic materials company’s stock, valued at approximately $2,451,000. First Quadrant L P CA owned about 0.06% of Univar as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Univar by 57,750.9% in the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock valued at $114,636,000 after buying an additional 3,732,439 shares during the period. Iridian Asset Management LLC CT raised its position in shares of Univar by 79.5% in the first quarter. Iridian Asset Management LLC CT now owns 6,913,666 shares of the basic materials company’s stock valued at $211,973,000 after buying an additional 3,061,679 shares during the period. Massachusetts Financial Services Co. MA raised its position in Univar by 54.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,703,921 shares of the basic materials company’s stock valued at $205,542,000 after buying an additional 2,370,535 shares during the last quarter. Wells Fargo & Company MN raised its position in Univar by 170.0% in the first quarter. Wells Fargo & Company MN now owns 2,834,610 shares of the basic materials company’s stock valued at $86,909,000 after buying an additional 1,784,656 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Univar by 20.7% in the first quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock valued at $233,726,000 after buying an additional 1,307,004 shares during the last quarter. 96.70% of the stock is owned by institutional investors.

Shares of Univar Inc. (UNVR) opened at 27.16 on Friday. The company has a 50-day moving average of $29.65 and a 200 day moving average of $30.24. The firm’s market cap is $3.82 billion. Univar Inc. has a one year low of $18.60 and a one year high of $33.15.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, equities research analysts expect that Univar Inc. will post $1.04 EPS for the current fiscal year.

WARNING: “First Quadrant L P CA Purchases Shares of 83,942 Univar Inc. (UNVR)” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/12/83942-shares-in-univar-inc-unvr-acquired-by-first-quadrant-l-p-ca-updated-updated.html.

Several research firms have recently commented on UNVR. BidaskClub lowered shares of Univar from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays PLC raised their price objective on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Berenberg Bank began coverage on shares of Univar in a research note on Thursday, July 6th. They issued a “sell” rating and a $24.00 price objective for the company. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $39.00 price objective (up previously from $36.00) on shares of Univar in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $32.83.

About Univar

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.

Institutional Ownership by Quarter for Univar (NYSE:UNVR)

What are top analysts saying about Univar Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Univar Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit