Principal Financial Group Inc. Has $13.59 Million Stake in Univar Inc (NYSE:UNVR)

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.

Shares of UNVR traded up $0.14 during trading hours on Friday, hitting $22.15. The company had a trading volume of 868,300 shares, compared to its average volume of 1,686,596. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.64 and a quick ratio of 1.04. The firm has a market cap of $3.77 billion, a PE ratio of 13.67, a P/E/G ratio of 1.69 and a beta of 1.57. Univar Inc has a 52-week low of $16.33 and a 52-week high of $31.23.

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.

TRADEMARK VIOLATION NOTICE: “Principal Financial Group Inc. Has $13.59 Million Stake in Univar Inc (NYSE:UNVR)” was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/27/principal-financial-group-inc-sells-470672-shares-of-univar-inc-unvr.html.

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.

See Also: Fundamental Analysis – How It Helps Investors

Institutional Ownership by Quarter for Univar (NYSE:UNVR)

Receive News & Ratings for Univar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar and related companies with MarketBeat.com's FREE daily email newsletter.