Univar (UNVR) Downgraded to Strong Sell at ValuEngine
ValuEngine cut shares of Univar (NYSE:UNVR) from a sell rating to a strong sell rating in a report released on Tuesday.
A number of other equities research analysts have also commented on the stock. Berenberg Bank upgraded shares of Univar from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Tuesday, September 4th. Goldman Sachs Group upgraded shares of Univar from a buy rating to a conviction-buy rating in a research note on Thursday, August 2nd. Deutsche Bank reiterated a buy rating and issued a $35.00 price target on shares of Univar in a research note on Friday, September 21st. Barclays lowered their price target on shares of Univar from $32.00 to $30.00 and set an equal weight rating on the stock in a research note on Monday, August 6th. Finally, Zacks Investment Research upgraded shares of Univar from a sell rating to a hold rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Univar has an average rating of Buy and a consensus target price of $29.40.
Shares of NYSE:UNVR opened at $22.85 on Tuesday. Univar has a 12 month low of $20.08 and a 12 month high of $31.95. The company has a current ratio of 1.77, a quick ratio of 1.08 and a debt-to-equity ratio of 2.07. The firm has a market cap of $3.26 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.48 and a beta of 1.41.
In other Univar news, Director Christopher D. Pappas purchased 10,000 shares of the stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $23.11 per share, for a total transaction of $231,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kerry J. Preete purchased 8,250 shares of the stock in a transaction on Monday, September 24th. The stock was acquired at an average price of $30.24 per share, for a total transaction of $249,480.00. Following the completion of the purchase, the director now directly owns 7,933 shares in the company, valued at approximately $239,893.92. The disclosure for this purchase can be found here. Insiders acquired a total of 22,750 shares of company stock worth $584,575 over the last quarter. Company insiders own 1.82% of the company’s stock.
A number of hedge funds have recently modified their holdings of UNVR. 22NW LP bought a new position in shares of Univar in the 3rd quarter valued at about $544,000. FMR LLC grew its position in shares of Univar by 2.9% in the 3rd quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock valued at $309,944,000 after acquiring an additional 282,560 shares during the period. Martingale Asset Management L P grew its position in shares of Univar by 45.0% in the 3rd quarter. Martingale Asset Management L P now owns 141,887 shares of the basic materials company’s stock valued at $4,351,000 after acquiring an additional 44,034 shares during the period. Iridian Asset Management LLC CT grew its position in shares of Univar by 23.9% in the 3rd quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock valued at $259,103,000 after acquiring an additional 1,628,591 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Univar by 249.5% in the 3rd quarter. Alliancebernstein L.P. now owns 226,082 shares of the basic materials company’s stock valued at $6,932,000 after acquiring an additional 161,396 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.
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, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
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