Univar Inc (NYSE:UNVR) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 9,040,000 shares, a decrease of 18.5% from the June 30th total of 11,090,000 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,780,000 shares, the days-to-cover ratio is currently 3.3 days.
In other news, Director Christopher D. Pappas acquired 12,000 shares of Univar stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $12.53 per share, for a total transaction of $150,360.00. Also, CFO Nicholas W. Alexos acquired 250,000 shares of Univar stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of $13.48 per share, for a total transaction of $3,370,000.00. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new stake in Univar during the 1st quarter worth about $49,000. Macquarie Group Ltd. acquired a new stake in shares of Univar during the 4th quarter valued at about $90,000. Dupont Capital Management Corp acquired a new stake in shares of Univar during the 2nd quarter valued at about $63,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Univar by 34.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,919 shares of the basic materials company’s stock valued at $95,000 after buying an additional 1,000 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Univar by 2,097.0% during the 1st quarter. Royal Bank of Canada now owns 4,438 shares of the basic materials company’s stock valued at $47,000 after buying an additional 4,236 shares during the last quarter.
NYSE:UNVR opened at $17.67 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. Univar has a 1-year low of $6.40 and a 1-year high of $24.77. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 160.65, a price-to-earnings-growth ratio of 2.37 and a beta of 2.06. The stock has a fifty day simple moving average of $17.22 and a 200 day simple moving average of $16.35.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. Univar had a return on equity of 13.51% and a net margin of 0.21%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted $0.33 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that Univar will post 1.08 earnings per share for the current year.
UNVR has been the topic of a number of recent research reports. Deutsche Bank raised their target price on Univar from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. SunTrust Banks lifted their target price on Univar from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. ValuEngine raised Univar from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Zacks Investment Research lowered Univar from a “hold” rating to a “sell” rating and set a $13.00 price target for the company. in a research report on Saturday, May 16th. Finally, Wells Fargo & Co increased their price target on Univar from $10.00 to $14.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Univar currently has an average rating of “Hold” and an average price target of $15.90.
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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