Today: The UBS Asset Management Americas Inc. invests in Univar Inc. (UNVR) Shares

The UBS Asset Management Americas Inc. invests in Univar Inc. (UNVR) Shares

UBS Asset Management Americas Inc. raised its stake in shares of Univar Inc. (NYSE:UNVR) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 22,986 shares of the company’s stock after buying an additional 1,086 shares during the period. UBS Asset Management Americas Inc.’s holdings in Univar were worth $435,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Nationwide Fund Advisors boosted its stake in shares of Univar by 8.6% in the second quarter. Nationwide Fund Advisors now owns 28,096 shares of the company’s stock valued at $531,000 after buying an additional 2,218 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Univar by 5.8% in the second quarter. California State Teachers Retirement System now owns 90,174 shares of the company’s stock valued at $1,705,000 after buying an additional 4,939 shares in the last quarter. Oxford Asset Management boosted its stake in shares of Univar by 35.9% in the second quarter. Oxford Asset Management now owns 19,888 shares of the company’s stock valued at $376,000 after buying an additional 5,251 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Univar by 16.2% in the second quarter. California Public Employees Retirement System now owns 38,700 shares of the company’s stock valued at $732,000 after buying an additional 5,400 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Univar during the second quarter valued at $123,000. 80.18% of the stock is currently owned by institutional investors.

Univar Inc. (NYSE:UNVR) opened at 22.41 on Friday. The company’s 50-day moving average price is $21.23 and its 200 day moving average price is $19.42. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 48.93 and a beta of 1.24. Univar Inc. has a 12 month low of $10.65 and a 12 month high of $22.76.

Univar (NYSE:UNVR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. Univar had a return on equity of 7.73% and a net margin of 0.75%. The business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue was down 9.9% on a year-over-year basis. Analysts predict that Univar Inc. will post $0.72 EPS for the current year.

UNVR has been the subject of a number of analyst reports. Jefferies Group initiated coverage on Univar in a research note on Friday, September 9th. They set a “buy” rating and a $26.00 price objective for the company. Zacks Investment Research cut Univar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Barclays PLC upped their price objective on Univar from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 16th. Bank of America Corp. set a $22.00 price objective on Univar and gave the stock a “buy” rating in a research note on Thursday, August 11th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Univar in a research note on Sunday, September 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $22.50.

In related news, Director Christopher D. Pappas bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of $19.33 per share, for a total transaction of $96,650.00. Following the completion of the acquisition, the director now owns 55,088 shares in the company, valued at approximately $1,064,851.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Nv Univar sold 20,527,358 shares of Univar stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $19.00, for a total value of $390,019,802.00. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

About Univar

Univar Inc is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region.

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