Renaissance Technologies LLC increased its holdings in shares of Univar Inc. (NYSE:UNVR) by 115.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 787,600 shares of the basic materials company’s stock after acquiring an additional 422,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.56% of Univar worth $22,998,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in Univar in the 1st quarter worth about $114,000. SG Americas Securities LLC bought a new position in Univar in the 2nd quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Univar by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 469 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Univar by 176.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Univar in the 1st quarter worth about $229,000. Hedge funds and other institutional investors own 96.65% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Univar from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, August 8th. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Barclays PLC restated a “hold” rating and issued a $32.00 target price on shares of Univar in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $33.33.
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Univar Inc. (NYSE UNVR) opened at 29.14 on Wednesday. The firm has a 50-day moving average of $28.67 and a 200 day moving average of $28.67. Univar Inc. has a 52-week low of $20.54 and a 52-week high of $33.15. The company’s market cap is $4.10 billion.
Univar (NYSE:UNVR) last announced its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm posted $0.29 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts expect that Univar Inc. will post $0.90 earnings per share for the current fiscal year.
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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