Univar Inc (NYSE:UNVR) – Jefferies Financial Group lowered their FY2019 earnings per share estimates for Univar in a research report issued on Monday, April 1st, Zacks Investment Research reports. Jefferies Financial Group analyst L. Alexander now forecasts that the basic materials company will post earnings per share of $1.45 for the year, down from their prior estimate of $1.50.
Other research analysts have also issued reports about the stock. 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 Monday, April 8th. Vertical Research upgraded shares of Univar from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. Zacks Investment Research upgraded shares of Univar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Barclays restated a “hold” rating and issued a $24.00 price objective on shares of Univar in a research note on Monday, February 11th. Finally, Berenberg Bank lowered shares of Univar from a “buy” rating to a “hold” rating and dropped their price objective for the company from $27.00 to $25.00 in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $28.80.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Univar had a net margin of 2.00% and a return on equity of 19.35%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.34 EPS. The company’s revenue was up .6% on a year-over-year basis.
Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Univar in the first quarter valued at about $27,000. Meeder Asset Management Inc. boosted its holdings in shares of Univar by 291.7% in the first quarter. Meeder Asset Management Inc. now owns 1,849 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,377 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Univar in the fourth quarter valued at about $35,000. Skylands Capital LLC boosted its holdings in shares of Univar by 216.7% in the fourth quarter. Skylands Capital LLC now owns 3,800 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Univar in the fourth quarter valued at about $74,000. 87.82% of the stock is currently owned by institutional investors and hedge funds.
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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