Univar Inc. (NYSE:UNVR) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.17.
UNVR has been the subject of a number of recent analyst reports. Jefferies Group LLC upped their price target on shares of Univar from $26.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Zacks Investment Research upgraded shares of Univar from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Friday, February 3rd. Credit Suisse Group upgraded shares of Univar from a “neutral” rating to an “outperform” rating and upped their price target for the company from $22.00 to $31.00 in a report on Friday, December 9th. Finally, Wells Fargo & Company upgraded shares of Univar from a “market perform” rating to an “outperform” rating in a report on Thursday, December 15th.
In other Univar news, major shareholder Dahlia Investments Pte. Ltd. sold 4,475,627 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $25.08, for a total value of $112,248,725.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward J. Mooney acquired 3,500 shares of the firm’s stock in a transaction on Friday, January 20th. The stock was bought at an average price of $29.35 per share, with a total value of $102,725.00. Following the completion of the acquisition, the director now directly owns 7,462 shares in the company, valued at approximately $219,009.70. The disclosure for this purchase can be found here. Insiders sold a total of 15,628,799 shares of company stock valued at $431,963,823 over the last 90 days. Company insiders own 2.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its position in shares of Univar by 2.1% in the fourth quarter. Marshall Wace LLP now owns 74,121 shares of the company’s stock valued at $2,103,000 after buying an additional 1,553 shares during the period. FMR LLC raised its position in shares of Univar by 90.6% in the fourth quarter. FMR LLC now owns 17,038,398 shares of the company’s stock valued at $483,379,000 after buying an additional 8,097,248 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Univar by 94.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,637 shares of the company’s stock valued at $11,905,000 after buying an additional 203,800 shares during the period. State Street Corp raised its position in shares of Univar by 4.6% in the fourth quarter. State Street Corp now owns 827,696 shares of the company’s stock valued at $23,481,000 after buying an additional 36,559 shares during the period. Finally, Turner Investments LLC bought a new position in shares of Univar during the fourth quarter valued at approximately $255,000. Institutional investors and hedge funds own 96.44% of the company’s stock.
Univar (NYSE:UNVR) opened at 29.33 on Thursday. Univar has a one year low of $11.60 and a one year high of $31.06. The firm’s market capitalization is $4.06 billion. The stock’s 50 day moving average is $28.92 and its 200-day moving average is $23.61.
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Univar Company Profile
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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