Jane Street Group LLC cut its position in Univar Inc (NYSE:UNVR) by 31.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,980 shares of the basic materials company’s stock after selling 5,896 shares during the quarter. Jane Street Group LLC’s holdings in Univar were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC purchased a new position in shares of Univar in the third quarter valued at $245,000. HM Capital Management LLC purchased a new position in shares of Univar in the third quarter valued at $253,000. Strs Ohio purchased a new position in shares of Univar in the second quarter valued at $264,000. Chesapeake Asset Management LLC purchased a new position in shares of Univar in the third quarter valued at $304,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Univar during the 2nd quarter valued at $312,000. Institutional investors and hedge funds own 93.66% of the company’s stock.
Univar stock opened at $19.66 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.14 and a current ratio of 1.77. Univar Inc has a 1 year low of $16.33 and a 1 year high of $31.84. The stock has a market capitalization of $2.84 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46.
Univar (NYSE:UNVR) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). Univar had a return on equity of 19.82% and a net margin of 2.30%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Univar Inc will post 1.61 earnings per share for the current year.
In other Univar news, insider Stephen D. Newlin purchased 3,000 shares of Univar stock in a transaction dated Thursday, November 8th. The shares were bought at an average cost of $23.02 per share, for a total transaction of $69,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey W. Carr purchased 1,500 shares of Univar stock in a transaction dated Thursday, November 8th. The stock was acquired at an average price of $23.29 per share, for a total transaction of $34,935.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 14,500 shares of company stock worth $335,095. Insiders own 0.55% of the company’s stock.
UNVR has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Deutsche Bank reiterated a “buy” rating and set a $35.00 price objective on shares of Univar in a research note on Friday, September 21st. Wells Fargo & Co set a $27.00 price objective on shares of Univar and gave the company a “buy” rating in a research note on Wednesday, November 7th. Berenberg Bank set a $27.00 price objective on shares of Univar and gave the company a “buy” rating in a research note on Friday, November 23rd. Finally, TheStreet downgraded shares of Univar from a “b-” rating to a “c+” rating in a research note on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.20.
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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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