Allianz Asset Management GmbH lifted its stake in shares of Univar Inc (NYSE:UNVR) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,383 shares of the basic materials company’s stock after purchasing an additional 1,611 shares during the quarter. Allianz Asset Management GmbH’s holdings in Univar were worth $538,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in UNVR. First Pacific Advisors LP bought a new position in shares of Univar during the 1st quarter worth about $172,537,000. FMR LLC boosted its position in shares of Univar by 25.2% during the 1st quarter. FMR LLC now owns 10,839,507 shares of the basic materials company’s stock worth $240,204,000 after purchasing an additional 2,183,111 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Univar by 77.1% during the 1st quarter. Neuberger Berman Group LLC now owns 4,854,626 shares of the basic materials company’s stock worth $107,579,000 after purchasing an additional 2,113,591 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of Univar during the 1st quarter worth about $19,036,000. Finally, Marathon Asset Management LLP boosted its position in shares of Univar by 92.1% during the 2nd quarter. Marathon Asset Management LLP now owns 1,448,183 shares of the basic materials company’s stock worth $31,920,000 after purchasing an additional 694,276 shares in the last quarter.
In other Univar news, insider Stephen D. Newlin purchased 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $19.73 per share, with a total value of $63,136.00. Following the transaction, the insider now owns 217,843 shares in the company, valued at $4,298,042.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David Jukes purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $19.44 per share, for a total transaction of $97,200.00. Following the transaction, the chief operating officer now owns 70,502 shares in the company, valued at approximately $1,370,558.88. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 18,196 shares of company stock worth $361,075. 0.50% of the stock is owned by insiders.
Separately, Zacks Investment Research raised shares of Univar from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.80.
Shares of NYSE UNVR opened at $22.61 on Friday. Univar Inc has a fifty-two week low of $16.33 and a fifty-two week high of $31.23. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.80 and a beta of 1.58. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.17 and a current ratio of 1.75. The firm’s 50-day simple moving average is $20.03 and its 200 day simple moving average is $21.46.
Univar (NYSE:UNVR) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). Univar had a net margin of 0.04% and a return on equity of 15.03%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business posted $0.47 EPS. Univar’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Univar Inc will post 1.44 EPS for the current year.
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.
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