Univar (UNVR) Downgraded to Strong Sell at ValuEngine

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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.

Univar (NYSE:UNVR) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.18 billion. Univar had a return on equity of 19.82% and a net margin of 2.30%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. On average, research analysts forecast that Univar will post 1.6 EPS for the current year.

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.

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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