Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Univar Inc. (NYSE:UNVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 567,410 shares of the basic materials company’s stock, valued at approximately $16,567,000. Mesirow Financial Investment Management Equity Management owned approximately 0.40% of Univar at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Univar by 94.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,637 shares of the basic materials company’s stock valued at $11,905,000 after buying an additional 203,800 shares during the period. AQR Capital Management LLC acquired a new stake in Univar during the fourth quarter valued at about $1,161,000. Teachers Advisors LLC raised its stake in Univar by 408.5% in the fourth quarter. Teachers Advisors LLC now owns 421,015 shares of the basic materials company’s stock valued at $11,944,000 after buying an additional 338,226 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in Univar during the first quarter valued at about $8,923,000. Finally, Fox Run Management L.L.C. acquired a new stake in Univar during the first quarter valued at about $494,000. 97.30% of the stock is currently owned by institutional investors.
Univar Inc. (UNVR) opened at 27.41 on Friday. Univar Inc. has a 1-year low of $19.13 and a 1-year high of $33.15. The firm has a 50-day moving average of $29.35 and a 200-day moving average of $30.13. The stock’s market cap is $3.85 billion.
Univar (NYSE:UNVR) last released its earnings results on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. Analysts expect that Univar Inc. will post $1.00 EPS for the current fiscal year.
UNVR has been the topic of several research reports. Jefferies Group LLC reissued a “buy” rating and issued a $36.00 price target on shares of Univar in a research report on Tuesday, May 2nd. Zacks Investment Research cut shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. BidaskClub cut shares of 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 research note on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective for the company. Finally, Barclays PLC boosted 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.83.
Univar Company Profile
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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