Atlantic Trust Group LLC grew its stake in Univar Inc. (NYSE:UNVR) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,850 shares of the basic materials company’s stock after buying an additional 515 shares during the period. Atlantic Trust Group LLC’s holdings in Univar were worth $521,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Cipher Capital LP lifted its position in shares of Univar by 12.6% in the second quarter. Cipher Capital LP now owns 92,569 shares of the basic materials company’s stock worth $2,703,000 after buying an additional 10,366 shares during the last quarter. Swiss National Bank lifted its position in shares of Univar by 1.5% in the second quarter. Swiss National Bank now owns 175,400 shares of the basic materials company’s stock worth $5,122,000 after buying an additional 2,600 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Univar by 5,304.5% in the second quarter. Principal Financial Group Inc. now owns 545,747 shares of the basic materials company’s stock worth $15,936,000 after buying an additional 535,649 shares during the last quarter. IndexIQ Advisors LLC acquired a new stake in shares of Univar in the second quarter worth about $451,000. Finally, DSAM Partners London Ltd acquired a new stake in shares of Univar in the second quarter worth about $4,650,000. 96.66% of the stock is owned by institutional investors.
A number of analysts have weighed in on UNVR shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $36.00) on shares of Univar in a research report on Wednesday, May 17th. BidaskClub cut Univar from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Berenberg Bank began coverage on Univar in a research note on Thursday, July 6th. They issued a “sell” rating and a $24.00 price objective on the stock. Finally, Credit Suisse Group dropped their price objective on Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.33.
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Univar Inc. (UNVR) opened at 28.35 on Wednesday. The stock has a 50 day moving average price of $28.29 and a 200-day moving average price of $31.74. Univar Inc. has a 1-year low of $19.13 and a 1-year high of $33.15. The company’s market capitalization is $3.99 billion.
Univar (NYSE:UNVR) last issued its earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $0.29 EPS. Univar’s revenue was down .7% on a year-over-year basis. Equities analysts predict that Univar Inc. will post $0.92 earnings per share for the current year.
Univar Company Profile
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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