Hennessy Advisors Inc. decreased its stake in Univar Inc. (NYSE:UNVR) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,900 shares of the basic materials company’s stock after selling 2,600 shares during the quarter. Hennessy Advisors Inc. owned 0.09% of Univar worth $3,822,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in UNVR. BlackRock Inc. lifted its stake in Univar by 57,750.9% in the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock valued at $114,636,000 after buying an additional 3,732,439 shares during the period. Iridian Asset Management LLC CT lifted its stake in Univar by 79.5% in the first quarter. Iridian Asset Management LLC CT now owns 6,913,666 shares of the basic materials company’s stock valued at $211,973,000 after buying an additional 3,061,679 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Univar by 54.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,703,921 shares of the basic materials company’s stock valued at $205,542,000 after buying an additional 2,370,535 shares during the period. Vanguard Group Inc. lifted its stake in Univar by 20.7% in the first quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock valued at $233,726,000 after buying an additional 1,307,004 shares during the period. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in Univar in the second quarter valued at about $16,567,000. 96.66% of the stock is currently owned by hedge funds and other institutional investors.
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Several research firms have weighed in on UNVR. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 target price (up previously from $36.00) on shares of Univar in a research note on Wednesday, May 17th. BidaskClub raised Univar from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC raised their price target on Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Berenberg Bank began coverage on Univar in a research report on Thursday, July 6th. They set a “sell” rating and a $24.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Univar currently has a consensus rating of “Hold” and an average target price of $33.33.
Univar Inc. (NYSE:UNVR) opened at 27.38 on Friday. The company’s 50 day moving average price is $28.64 and its 200-day moving average price is $29.97. The company’s market capitalization is $3.85 billion. Univar Inc. has a 12-month low of $19.13 and a 12-month high of $33.15.
Univar (NYSE:UNVR) last posted its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts forecast that Univar Inc. will post $0.92 earnings per share for the current fiscal year.
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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