Univar (UNVR) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Univar (NYSE:UNVR) from a hold rating to a sell rating in a research report report published on Saturday morning.

According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “

A number of other equities research analysts have also recently commented on the stock. SunTrust Banks reiterated a hold rating on shares of Univar in a research report on Monday, November 6th. BidaskClub cut shares of Univar from a hold rating to a sell rating in a research report on Friday, October 13th. Finally, Jefferies Group reiterated a buy rating and issued a $39.00 target price on shares of Univar in a research report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Univar currently has a consensus rating of Hold and a consensus price target of $33.33.

Shares of Univar (UNVR) traded up $0.19 during midday trading on Friday, hitting $30.95. 449,272 shares of the stock were exchanged, compared to its average volume of 592,080. The firm has a market capitalization of $4,340.00 and a PE ratio of 134.57. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.21. Univar has a 1-year low of $26.80 and a 1-year high of $33.15.

Univar (NYSE:UNVR) last issued its earnings results on Friday, November 3rd. The basic materials company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 17.30%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. equities research analysts expect that Univar will post 1.03 earnings per share for the current fiscal year.

In related news, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $28.79, for a total transaction of $287,900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher D. Pappas acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of $30.84 per share, with a total value of $308,400.00. Following the completion of the transaction, the director now owns 59,840 shares of the company’s stock, valued at approximately $1,845,465.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 10,140,425 shares of company stock valued at $292,020,815. 1.82% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in Univar by 4.6% during the third quarter. California Public Employees Retirement System now owns 148,038 shares of the basic materials company’s stock worth $4,283,000 after purchasing an additional 6,538 shares during the last quarter. Bamco Inc. NY increased its position in Univar by 37.0% during the third quarter. Bamco Inc. NY now owns 2,500,000 shares of the basic materials company’s stock worth $72,325,000 after purchasing an additional 675,000 shares during the last quarter. Highbridge Capital Management LLC increased its position in Univar by 17.0% during the third quarter. Highbridge Capital Management LLC now owns 153,914 shares of the basic materials company’s stock worth $4,452,000 after purchasing an additional 22,390 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Univar during the third quarter worth about $839,000. Finally, Caxton Associates LP acquired a new stake in Univar during the third quarter worth about $7,666,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

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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.

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