Univar (UNVR) Trading 5.9% Higher Following Better-Than-Expected Earnings

Univar Inc (NYSE:UNVR)’s share price traded up 5.9% on Monday following a better than expected earnings announcement. The company traded as high as $22.79 and last traded at $22.62. 3,956,301 shares changed hands during trading, an increase of 153% from the average session volume of 1,563,561 shares. The stock had previously closed at $21.35.

The basic materials company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. Univar had a return on equity of 19.36% and a net margin of 2.00%. Univar’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share.

A number of analysts have commented on the company. Zacks Investment Research upgraded Univar from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Vertical Research upgraded Univar from a “hold” rating to a “buy” rating in a research report on Thursday, January 3rd. Wells Fargo & Co set a $27.00 target price on Univar and gave the stock a “buy” rating in a research report on Wednesday, November 7th. ValuEngine downgraded Univar from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. Finally, TheStreet downgraded Univar from a “b-” rating to a “c+” rating in a research report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $28.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC acquired a new position in shares of Univar in the fourth quarter worth $230,000. Bank of New York Mellon Corp raised its holdings in shares of Univar by 28.5% in the fourth quarter. Bank of New York Mellon Corp now owns 461,493 shares of the basic materials company’s stock worth $8,187,000 after acquiring an additional 102,447 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in shares of Univar by 20.8% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 138,461 shares of the basic materials company’s stock worth $2,456,000 after acquiring an additional 23,881 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Univar by 3.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,300,259 shares of the basic materials company’s stock worth $76,286,000 after acquiring an additional 161,521 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Univar by 3.2% in the fourth quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock worth $85,354,000 after acquiring an additional 147,168 shares during the last quarter. 94.04% of the stock is owned by institutional investors.

The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.05 and a beta of 1.56. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.77 and a quick ratio of 1.14.

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About Univar (NYSE:UNVR)

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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