Point72 Hong Kong Ltd purchased a new position in Univar Inc (NYSE:UNVR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,739 shares of the basic materials company’s stock, valued at approximately $212,000.
A number of other large investors also recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in Univar during the 1st quarter worth approximately $49,000. First Trust Advisors LP boosted its position in shares of Univar by 56.6% during the first quarter. First Trust Advisors LP now owns 210,794 shares of the basic materials company’s stock valued at $4,671,000 after buying an additional 76,161 shares during the last quarter. State Street Corp boosted its position in shares of Univar by 13.4% during the third quarter. State Street Corp now owns 2,047,551 shares of the basic materials company’s stock valued at $42,507,000 after buying an additional 241,229 shares during the last quarter. Boston Partners bought a new stake in Univar during the third quarter worth $115,000. Finally, Pictet Asset Management Ltd. grew its holdings in Univar by 115.8% during the third quarter. Pictet Asset Management Ltd. now owns 481,688 shares of the basic materials company’s stock worth $10,000,000 after buying an additional 258,432 shares in the last quarter.
Shares of Univar stock traded down $0.20 during mid-day trading on Thursday, hitting $11.58. 2,915,010 shares of the stock were exchanged, compared to its average volume of 2,193,013. Univar Inc has a 12 month low of $6.40 and a 12 month high of $24.77. The company has a 50-day simple moving average of $16.74 and a 200 day simple moving average of $21.13. The company has a market capitalization of $1.99 billion, a P/E ratio of -17.82, a P/E/G ratio of 0.89 and a beta of 1.70. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.14 and a current ratio of 1.69.
Several equities analysts have weighed in on UNVR shares. ValuEngine cut Univar from a “hold” rating to a “sell” rating in a research note on Wednesday, March 4th. Deutsche Bank reduced their target price on shares of Univar from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Investec upgraded shares of Univar from a “hold” rating to a “buy” rating in a research note on Tuesday, March 17th. Finally, Wells Fargo & Co downgraded shares of Univar from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.50.
In related news, Director Christopher D. Pappas purchased 15,000 shares of Univar stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average price of $16.09 per share, for a total transaction of $241,350.00. Also, Director Christopher D. Pappas acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $13.61 per share, with a total value of $95,270.00. Following the acquisition, the director now directly owns 31,535 shares of the company’s stock, valued at approximately $429,191.35. The disclosure for this purchase can be found here. Insiders have purchased 32,000 shares of company stock worth $463,320 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
Featured Story: Capital Gains Distribution
Want to see what other hedge funds are holding UNVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Univar Inc (NYSE:UNVR).
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.