Univar (NYSE:UNVR) was upgraded by investment analysts at Vertical Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, The Fly reports.
UNVR has been the subject of several other research reports. Zacks Investment Research lowered Univar from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. SunTrust Banks reaffirmed a “hold” rating on shares of Univar in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Univar presently has a consensus rating of “Hold” and an average target price of $33.20.
Univar (NYSE UNVR) opened at $27.30 on Tuesday. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.21. The stock has a market capitalization of $3,848.49, a PE ratio of 118.70, a PEG ratio of 1.34 and a beta of 1.24. Univar has a 52-week low of $25.79 and a 52-week high of $33.15.
In other Univar news, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $28.79, for a total transaction of $287,900,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark John Byrne sold 90,034 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $29.13, for a total value of $2,622,690.42. Following the sale, the director now owns 63,994 shares of the company’s stock, valued at $1,864,145.22. The disclosure for this sale can be found here. Insiders sold a total of 10,183,621 shares of company stock valued at $293,436,742 over the last quarter. 1.82% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Univar by 3.8% during the 4th quarter. BlackRock Inc. now owns 4,217,975 shares of the basic materials company’s stock valued at $130,588,000 after purchasing an additional 155,907 shares during the period. Wells Fargo & Company MN grew its stake in shares of Univar by 29.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,902,833 shares of the basic materials company’s stock valued at $120,832,000 after purchasing an additional 887,218 shares during the period. Bamco Inc. NY grew its stake in shares of Univar by 10.0% during the 4th quarter. Bamco Inc. NY now owns 2,750,000 shares of the basic materials company’s stock valued at $85,140,000 after purchasing an additional 250,000 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Univar by 3.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,489,724 shares of the basic materials company’s stock valued at $77,082,000 after purchasing an additional 93,243 shares during the period. Finally, Baird Financial Group Inc. grew its stake in shares of Univar by 215.8% during the 4th quarter. Baird Financial Group Inc. now owns 1,439,424 shares of the basic materials company’s stock valued at $44,565,000 after purchasing an additional 983,564 shares during the period. Institutional investors and hedge funds own 91.50% of the company’s stock.
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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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