Principal Financial Group Inc. decreased its holdings in Univar Inc (NYSE:UNVR) by 38.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,877 shares of the basic materials company’s stock after selling 470,672 shares during the quarter. Principal Financial Group Inc. owned about 0.54% of Univar worth $13,587,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in Univar by 30.2% during the third quarter. Renaissance Technologies LLC now owns 218,500 shares of the basic materials company’s stock valued at $6,699,000 after buying an additional 50,705 shares during the period. Baupost Group LLC MA purchased a new position in Univar during the third quarter valued at $54,302,000. Vanguard Group Inc. lifted its position in Univar by 2.0% during the third quarter. Vanguard Group Inc. now owns 9,694,360 shares of the basic materials company’s stock valued at $297,229,000 after buying an additional 193,925 shares during the period. Commonwealth Bank of Australia lifted its position in Univar by 41.2% during the fourth quarter. Commonwealth Bank of Australia now owns 34,600 shares of the basic materials company’s stock valued at $613,000 after buying an additional 10,100 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Univar by 25.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,542,522 shares of the basic materials company’s stock valued at $27,364,000 after buying an additional 310,016 shares during the period. 87.82% of the stock is owned by institutional investors.
UNVR has been the subject of several recent analyst reports. Berenberg Bank lowered Univar from a “buy” rating to a “hold” rating and lowered their price target for the stock from $27.00 to $25.00 in a research report on Wednesday, April 17th. Goldman Sachs Group initiated coverage on Univar in a research report on Thursday, April 18th. They issued a “neutral” rating for the company. Wells Fargo & Co set a $27.00 price target on Univar and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays reaffirmed a “hold” rating and issued a $24.00 price target on shares of Univar in a research report on Monday, February 11th. Finally, ValuEngine raised Univar from a “strong sell” rating to a “sell” rating in a research report 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 given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.80.
Univar (NYSE:UNVR) last released its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.33 EPS for the quarter, topping 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 company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $0.34 EPS. Univar’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Univar Inc will post 1.48 EPS for the current year.
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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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