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.
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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.
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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