Shares of Univar Inc (NYSE:UNVR) dropped 5.2% on Friday . The stock traded as low as $21.03 and last traded at $21.06. Approximately 1,276,264 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 1,700,765 shares. The stock had previously closed at $22.22.
UNVR has been the subject of several research analyst reports. Vertical Research upgraded Univar from a “hold” rating to a “buy” rating in a report on Thursday, January 3rd. TheStreet lowered Univar from a “b-” rating to a “c+” rating in a report on Tuesday, December 4th. Barclays restated a “hold” rating and issued a $24.00 price objective on shares of Univar in a report on Monday, February 11th. Zacks Investment Research upgraded Univar from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Wells Fargo & Co cut their price objective on Univar from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, December 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Univar has an average rating of “Buy” and an average price target of $29.80.
The firm has a market cap of $2.98 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.58. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.64 and a quick ratio of 1.04.
Univar (NYSE:UNVR) last announced its earnings results on Friday, February 8th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Univar had a return on equity of 19.35% and a net margin of 2.00%. The business 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 business posted $0.34 earnings per share. Univar’s revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that Univar Inc will post 1.47 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in UNVR. State Board of Administration of Florida Retirement System raised its position in Univar by 0.8% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 98,239 shares of the basic materials company’s stock valued at $1,743,000 after buying an additional 822 shares during the period. Amalgamated Bank raised its position in Univar by 6.0% during the fourth quarter. Amalgamated Bank now owns 22,070 shares of the basic materials company’s stock valued at $392,000 after buying an additional 1,257 shares during the period. Rhumbline Advisers raised its position in Univar by 1.8% during the fourth quarter. Rhumbline Advisers now owns 104,935 shares of the basic materials company’s stock valued at $1,862,000 after buying an additional 1,821 shares during the period. Penserra Capital Management LLC acquired a new position in Univar during the fourth quarter valued at $35,000. Finally, Great West Life Assurance Co. Can raised its position in Univar by 21.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 13,991 shares of the basic materials company’s stock valued at $239,000 after buying an additional 2,485 shares during the period.
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, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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