Principal Financial Group Inc. reduced its stake in Univar Inc. (NYSE:UNVR) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,098 shares of the basic materials company’s stock after selling 227 shares during the period. Principal Financial Group Inc.’s holdings in Univar were worth $310,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UNVR. Russell Investments Group Ltd. bought a new position in shares of Univar during the fourth quarter worth approximately $692,000. Dimensional Fund Advisors LP raised its position in shares of Univar by 94.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,637 shares of the basic materials company’s stock worth $11,905,000 after buying an additional 203,800 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Univar during the fourth quarter worth about $1,161,000. Teachers Advisors LLC raised its stake in Univar by 408.5% in the fourth quarter. Teachers Advisors LLC now owns 421,015 shares of the basic materials company’s stock worth $11,944,000 after buying an additional 338,226 shares during the period. Finally, Highbridge Capital Management LLC raised its stake in Univar by 534.1% in the fourth quarter. Highbridge Capital Management LLC now owns 91,000 shares of the basic materials company’s stock worth $2,582,000 after buying an additional 76,649 shares during the period. 97.30% of the stock is currently owned by institutional investors.
Shares of Univar Inc. (NYSE UNVR) opened at 27.41 on Friday. Univar Inc. has a 1-year low of $19.13 and a 1-year high of $33.15. The firm’s market capitalization is $3.85 billion. The stock has a 50 day moving average price of $29.35 and a 200 day moving average price of $30.13.
Univar (NYSE:UNVR) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. Univar’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Equities research analysts anticipate that Univar Inc. will post $1.00 earnings per share for the current fiscal year.
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A number of analysts have issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Univar in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded Univar from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub downgraded Univar from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Barclays PLC raised their target price on Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Finally, Berenberg Bank initiated coverage on Univar in a research report on Thursday, July 6th. They set a “sell” rating and a $24.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.83.
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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