Prudential Financial Inc. Trims Position in Univar Inc (UNVR)

Prudential Financial Inc. reduced its position in shares of Univar Inc (NYSE:UNVR) by 72.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,700 shares of the basic materials company’s stock after selling 47,600 shares during the period. Prudential Financial Inc.’s holdings in Univar were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Univar during the fourth quarter worth about $35,000. Skylands Capital LLC grew its holdings in shares of Univar by 216.7% during the fourth quarter. Skylands Capital LLC now owns 3,800 shares of the basic materials company’s stock worth $67,000 after buying an additional 2,600 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Univar during the fourth quarter worth about $74,000. Ramsey Quantitative Systems purchased a new position in shares of Univar during the fourth quarter worth about $166,000. Finally, KBC Group NV grew its holdings in shares of Univar by 54.0% during the fourth quarter. KBC Group NV now owns 14,062 shares of the basic materials company’s stock worth $249,000 after buying an additional 4,933 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.

Shares of Univar stock traded down $0.45 during trading on Friday, hitting $21.98. 1,645,734 shares of the company were exchanged, compared to its average volume of 1,682,867. 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 Inc has a fifty-two week low of $16.33 and a fifty-two week high of $31.23. The company has a market capitalization of $3.73 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.68 and a beta of 1.57.

Univar (NYSE:UNVR) last issued its quarterly earnings results on Friday, February 8th. The basic materials company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. Univar had a return on equity of 19.35% and a net margin of 2.00%. Univar’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. As a group, research analysts expect that Univar Inc will post 1.48 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Berenberg Bank lowered Univar from a “buy” rating to a “hold” rating and lowered their price objective for the company from $27.00 to $25.00 in a report on Wednesday. Goldman Sachs Group assumed coverage on Univar in a report on Thursday. They issued a “neutral” rating on the stock. Wells Fargo & Co set a $27.00 price objective on Univar and gave the company a “buy” rating in a report on Monday, April 8th. Barclays reissued a “hold” rating and set a $24.00 price target on shares of Univar in a research note on Monday, February 11th. Finally, ValuEngine raised Univar from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.80.

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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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Institutional Ownership by Quarter for Univar (NYSE:UNVR)

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