Christopher D. Pappas Purchases 10,000 Shares of Univar Inc (UNVR) Stock

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Univar Inc (NYSE:UNVR) Director Christopher D. Pappas acquired 10,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were acquired at an average price of $23.11 per share, for a total transaction of $231,100.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE UNVR opened at $22.85 on Friday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.43 and a beta of 1.41. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. Univar Inc has a 52 week low of $20.08 and a 52 week high of $31.95.

Univar (NYSE:UNVR) last released its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.18 billion. Univar had a net margin of 2.30% and a return on equity of 20.20%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, equities analysts expect that Univar Inc will post 1.6 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Univar by 2.9% in the 3rd quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock valued at $309,944,000 after acquiring an additional 282,560 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Univar by 23.9% during the 3rd quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock worth $259,103,000 after purchasing an additional 1,628,591 shares in the last quarter. BlackRock Inc. raised its stake in shares of Univar by 11.8% during the 2nd quarter. BlackRock Inc. now owns 4,942,775 shares of the basic materials company’s stock worth $129,698,000 after purchasing an additional 521,840 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Univar by 9.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,171,595 shares of the basic materials company’s stock worth $109,462,000 after purchasing an additional 373,454 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Univar during the 3rd quarter worth approximately $50,565,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Several equities research analysts have commented on UNVR shares. Zacks Investment Research cut Univar from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. ValuEngine cut Univar from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Goldman Sachs Group upgraded Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. Barclays cut their target price on Univar from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. Finally, Berenberg Bank upgraded Univar from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Univar has a consensus rating of “Buy” and a consensus target price of $29.40.

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About Univar

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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