ValuEngine downgraded shares of Univar (NYSE:UNVR) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.
UNVR has been the subject of a number of other research reports. Berenberg Bank raised shares of Univar from a hold rating to a buy rating and set a $24.00 price objective for the company in a report on Tuesday, September 4th. Goldman Sachs Group raised shares of Univar from a buy rating to a conviction-buy rating in a report on Thursday, August 2nd. Deutsche Bank reissued a buy rating and issued a $35.00 price objective on shares of Univar in a report on Friday, September 21st. Barclays cut their price objective on shares of Univar from $32.00 to $30.00 and set an equal weight rating for the company in a report on Monday, August 6th. Finally, Zacks Investment Research raised shares of Univar from a sell rating to a hold rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $29.40.
Shares of UNVR stock opened at $22.85 on Tuesday. The stock has a market cap of $3.26 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.48 and a beta of 1.41. The company has a quick ratio of 1.08, a current ratio of 1.77 and a debt-to-equity ratio of 2.07. Univar has a 52 week low of $20.08 and a 52 week high of $31.95.
In other news, insider Stephen D. Newlin bought 3,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of $23.02 per share, for a total transaction of $69,060.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kerry J. Preete bought 8,250 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was purchased at an average price of $30.24 per share, with a total value of $249,480.00. Following the completion of the transaction, the director now directly owns 7,933 shares in the company, valued at approximately $239,893.92. The disclosure for this purchase can be found here. Insiders bought a total of 22,750 shares of company stock valued at $584,575 over the last 90 days. Corporate insiders own 1.82% of the company’s stock.
Several large investors have recently modified their holdings of UNVR. American Century Companies Inc. acquired a new position in shares of Univar in the 3rd quarter valued at approximately $50,565,000. Iridian Asset Management LLC CT raised its position in shares of Univar by 23.9% in the 3rd quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock valued at $259,103,000 after buying an additional 1,628,591 shares in the last quarter. Millennium Management LLC raised its position in shares of Univar by 113.0% in the 2nd quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock valued at $41,372,000 after buying an additional 836,522 shares in the last quarter. Sandhill Capital Partners LLC acquired a new position in shares of Univar in the 2nd quarter valued at approximately $18,059,000. Finally, BlueMountain Capital Management LLC raised its position in shares of Univar by 1,532.7% in the 2nd quarter. BlueMountain Capital Management LLC now owns 671,659 shares of the basic materials company’s stock valued at $17,624,000 after buying an additional 630,521 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.
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.
Featured Article: Float
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Univar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar and related companies with MarketBeat.com's FREE daily email newsletter.