Univar (NYSE:UNVR) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Tuesday.
Several other research analysts also recently weighed in on UNVR. Barclays cut their price target on Univar from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. ValuEngine upgraded Univar from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Berenberg Bank upgraded Univar from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, September 4th. Deutsche Bank reiterated a “buy” rating and issued a $35.00 price target on shares of Univar in a report on Friday, September 21st. Finally, Wells Fargo & Co set a $27.00 price target on Univar and gave the company a “buy” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.00.
Shares of UNVR opened at $19.89 on Tuesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.77 and a quick ratio of 1.14. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. Univar has a fifty-two week low of $19.47 and a fifty-two week high of $31.95.
In related news, Director Christopher D. Pappas acquired 10,000 shares of the stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of $23.11 per share, with a total value of $231,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey W. Carr acquired 1,500 shares of the stock in a transaction dated Thursday, November 8th. The shares were bought at an average cost of $23.29 per share, with a total value of $34,935.00. The disclosure for this purchase can be found here. Insiders have bought a total of 22,750 shares of company stock valued at $584,575 over the last three months. Corporate insiders own 1.82% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Univar during the 3rd quarter valued at $22,222,000. Vanguard Group Inc. grew its stake in shares of Univar by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,694,360 shares of the basic materials company’s stock valued at $297,229,000 after buying an additional 193,925 shares during the period. BW Gestao de Investimentos Ltda. grew its stake in shares of Univar by 25.0% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 75,000 shares of the basic materials company’s stock valued at $2,300,000 after buying an additional 15,000 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Univar by 8.8% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 596,276 shares of the basic materials company’s stock valued at $18,282,000 after buying an additional 48,202 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Univar by 2.6% during the 3rd quarter. Teachers Advisors LLC now owns 766,593 shares of the basic materials company’s stock valued at $23,504,000 after buying an additional 19,126 shares during the period. 93.66% of the stock is owned by institutional investors.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
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