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Separately, Zacks Investment Research downgraded Univar from a hold rating to a sell rating and set a $22.00 price objective on the stock. in a report on Saturday, October 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Univar has a consensus rating of Hold and a consensus price target of $25.00.
Shares of UNVR traded down $0.10 during trading hours on Wednesday, reaching $23.96. The company’s stock had a trading volume of 2,245,958 shares, compared to its average volume of 1,774,793. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 2.08 and a beta of 1.59. Univar has a 1-year low of $16.33 and a 1-year high of $24.46. The company has a quick ratio of 1.17, a current ratio of 1.78 and a debt-to-equity ratio of 1.71. The company has a 50 day moving average of $21.25 and a two-hundred day moving average of $21.16.
Univar (NYSE:UNVR) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Univar had a positive return on equity of 14.09% and a negative net margin of 0.48%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, analysts forecast that Univar will post 1.41 EPS for the current fiscal year.
In related news, Director William S. Stavropoulos purchased 5,118 shares of the stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $19.55 per share, for a total transaction of $100,056.90. Following the completion of the acquisition, the director now directly owns 21,375 shares in the company, valued at approximately $417,881.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Machina Capital S.A.S. bought a new stake in shares of Univar in the second quarter valued at approximately $46,000. Marshall Wace North America L.P. bought a new stake in shares of Univar in the first quarter valued at approximately $49,000. Nisa Investment Advisors LLC boosted its position in shares of Univar by 104.9% in the second quarter. Nisa Investment Advisors LLC now owns 2,500 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 1,280 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Univar in the second quarter valued at approximately $55,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Univar in the second quarter valued at approximately $68,000.
Univar Company Profile
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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