Iridian Asset Management LLC CT Lowers Stake in Univar Inc (UNVR)

Iridian Asset Management LLC CT lowered its position in shares of Univar Inc (NYSE:UNVR) by 0.8% during the first quarter, HoldingsChannel.com reports. The firm owned 10,887,495 shares of the basic materials company’s stock after selling 83,796 shares during the quarter. Univar accounts for 3.1% of Iridian Asset Management LLC CT’s portfolio, making the stock its 6th biggest holding. Iridian Asset Management LLC CT owned about 0.06% of Univar worth $241,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UNVR. Baupost Group LLC MA increased its stake in Univar by 436.4% during the 4th quarter. Baupost Group LLC MA now owns 9,500,000 shares of the basic materials company’s stock worth $168,530,000 after acquiring an additional 7,728,900 shares during the period. Norges Bank bought a new position in Univar during the 4th quarter worth $71,288,000. BNP Paribas Arbitrage SA increased its stake in Univar by 25,396.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,587,933 shares of the basic materials company’s stock worth $35,189,000 after acquiring an additional 1,581,705 shares during the period. Marathon Asset Management LLP bought a new position in Univar during the 4th quarter worth $12,966,000. Finally, Valinor Management L.P. increased its stake in Univar by 17.2% during the 4th quarter. Valinor Management L.P. now owns 3,642,320 shares of the basic materials company’s stock worth $64,615,000 after acquiring an additional 534,200 shares during the period. Institutional investors own 88.75% of the company’s stock.

A number of equities analysts have commented on the company. Goldman Sachs Group assumed coverage on Univar in a research note on Thursday, April 18th. They set a “neutral” rating on the stock. Berenberg Bank lowered Univar from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $27.00 to $25.00 in a research note on Wednesday, April 17th. Wells Fargo & Co set a $27.00 price objective on Univar and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays restated a “hold” rating and set a $26.00 price objective on shares of Univar in a research note on Wednesday, March 6th. Finally, ValuEngine upgraded 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 given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.80.

In other Univar news, Director Christopher D. Pappas bought 10,000 shares of Univar stock in a transaction on Monday, May 13th. The shares were purchased at an average price of $22.41 per share, with a total value of $224,100.00. Following the acquisition, the director now owns 11,911 shares in the company, valued at approximately $266,925.51. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Shares of UNVR stock traded up $0.50 during trading hours on Tuesday, reaching $22.22. The company’s stock had a trading volume of 8,958 shares, compared to its average volume of 1,703,288. The company has a market cap of $3.75 billion, a PE ratio of 13.79, a P/E/G ratio of 1.68 and a beta of 1.55. Univar Inc has a fifty-two week low of $16.33 and a fifty-two week high of $31.23. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.04 and a current ratio of 1.64.

Univar (NYSE:UNVR) last issued its earnings results on Thursday, May 9th. The basic materials company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.10. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.28 billion. Univar had a return on equity of 18.34% and a net margin of 0.50%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts predict that Univar Inc will post 1.48 EPS for the current fiscal 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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Institutional Ownership by Quarter for Univar (NYSE:UNVR)

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