Univar Inc (NYSE:UNVR)’s share price shot up 5.9% on Monday following a stronger than expected earnings report. The stock traded as high as $22.79 and last traded at $22.62. 3,956,301 shares changed hands during mid-day trading, an increase of 153% from the average session volume of 1,563,561 shares. The stock had previously closed at $21.35.
The basic materials company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Univar had a return on equity of 19.36% and a net margin of 2.00%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up .6% compared to the same quarter last year.
A number of analysts have issued reports on the company. Zacks Investment Research raised Univar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Vertical Research raised Univar from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. Wells Fargo & Co set a $27.00 target price on Univar and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine downgraded Univar from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Finally, TheStreet downgraded 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.00.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new position in shares of Univar in the 2nd quarter valued at about $4,403,000. Jane Street Group LLC boosted its stake in shares of Univar by 137.6% in the 2nd quarter. Jane Street Group LLC now owns 18,876 shares of the basic materials company’s stock valued at $495,000 after buying an additional 10,930 shares during the period. Schroder Investment Management Group boosted its stake in shares of Univar by 27.6% in the 2nd quarter. Schroder Investment Management Group now owns 685,022 shares of the basic materials company’s stock valued at $17,708,000 after buying an additional 148,283 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Univar by 486.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,318 shares of the basic materials company’s stock valued at $376,000 after buying an additional 10,218 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Univar by 14.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 19,539 shares of the basic materials company’s stock valued at $599,000 after buying an additional 2,400 shares during the period. Institutional investors own 94.04% of the company’s stock.
The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 2.07. The company has a market cap of $3.02 billion, a PE ratio of 13.96, a PEG ratio of 1.05 and a beta of 1.56.
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About Univar (NYSE:UNVR)
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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