Univar (UNVR) Hits New 12-Month Low at $19.49

Univar Inc (NYSE:UNVR)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.49 and last traded at $19.75, with a volume of 50755 shares. The stock had previously closed at $20.39.

Several equities research analysts recently weighed in on the company. Berenberg Bank raised Univar from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, September 4th. ValuEngine raised Univar from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Deutsche Bank reaffirmed a “buy” rating and set a $35.00 price target on shares of Univar in a report on Friday, September 21st. Wells Fargo & Co set a $27.00 price target on Univar and gave the stock a “buy” rating in a report on Wednesday, November 7th. Finally, TheStreet downgraded Univar from a “b-” rating to a “c+” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.00.

The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37.

Univar (NYSE:UNVR) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). Univar had a return on equity of 19.82% and a net margin of 2.30%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business earned $0.36 earnings per share. Univar’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts predict that Univar Inc will post 1.61 EPS for the current fiscal year.

In other Univar news, Director Kerry J. Preete bought 8,250 shares of Univar stock in a transaction on Monday, September 24th. The stock was bought at an average price of $30.24 per share, with a total value of $249,480.00. Following the completion of the acquisition, the director now owns 7,933 shares in the company, valued at $239,893.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen D. Newlin bought 3,000 shares of Univar stock in a transaction on Thursday, November 8th. The stock was acquired at an average cost of $23.02 per share, with a total value of $69,060.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 22,750 shares of company stock valued at $584,575. 1.82% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in UNVR. Baupost Group LLC MA acquired a new stake in Univar in the third quarter valued at $54,302,000. American Century Companies Inc. acquired a new stake in Univar in the third quarter valued at $50,565,000. 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 buying an additional 1,628,591 shares during the last quarter. Park Presidio Capital LLC raised its stake in shares of Univar by 2,228.4% during the 3rd quarter. Park Presidio Capital LLC now owns 1,500,000 shares of the basic materials company’s stock worth $45,990,000 after buying an additional 1,435,578 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Univar by 113.0% during the 2nd quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock worth $41,372,000 after buying an additional 836,522 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

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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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