Parametric Portfolio Associates LLC increased its holdings in shares of Univar Inc. (NYSE:UNVR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,311 shares of the basic materials company’s stock after acquiring an additional 2,101 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.10% of Univar worth $4,009,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Piermont Capital Management Inc. acquired a new position in Univar during the second quarter worth $1,019,000. Quantbot Technologies LP grew its holdings in Univar by 90.1% during the second quarter. Quantbot Technologies LP now owns 40,077 shares of the basic materials company’s stock worth $1,170,000 after acquiring an additional 18,998 shares during the period. California Public Employees Retirement System grew its holdings in Univar by 144.0% during the second quarter. California Public Employees Retirement System now owns 141,500 shares of the basic materials company’s stock worth $4,132,000 after acquiring an additional 83,500 shares during the period. Vanguard Group Inc. grew its holdings in Univar by 8.3% during the second quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock worth $241,076,000 after acquiring an additional 632,898 shares during the period. Finally, Brant Point Investment Management LLC acquired a new position in Univar during the second quarter worth $5,256,000. 96.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. BidaskClub raised Univar from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Barclays PLC upped their price objective on Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Berenberg Bank assumed coverage on Univar in a report on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Univar has an average rating of “Hold” and a consensus target price of $33.33.
Shares of Univar Inc. (NYSE UNVR) opened at 29.36 on Monday. Univar Inc. has a 52-week low of $20.54 and a 52-week high of $33.15. The stock’s market capitalization is $4.13 billion. The firm’s 50-day moving average price is $28.92 and its 200-day moving average price is $28.92.
Univar (NYSE:UNVR) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Univar Inc. will post $0.95 earnings per share for the current fiscal year.
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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