Renaissance Technologies LLC Invests $4.40 Million in Univar Inc (UNVR) Stock

Renaissance Technologies LLC bought a new stake in shares of Univar Inc (NYSE:UNVR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 167,795 shares of the basic materials company’s stock, valued at approximately $4,403,000. Renaissance Technologies LLC owned about 0.12% of Univar at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Univar by 11.8% in the second quarter. BlackRock Inc. now owns 4,942,775 shares of the basic materials company’s stock worth $129,698,000 after purchasing an additional 521,840 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Univar by 9.8% in the second quarter. Wells Fargo & Company MN now owns 4,171,595 shares of the basic materials company’s stock worth $109,462,000 after purchasing an additional 373,454 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Univar by 36.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,145,190 shares of the basic materials company’s stock worth $30,048,000 after purchasing an additional 305,985 shares in the last quarter. Royce & Associates LP increased its stake in shares of Univar by 21.3% in the second quarter. Royce & Associates LP now owns 792,539 shares of the basic materials company’s stock worth $20,796,000 after purchasing an additional 139,000 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Univar by 3.5% in the first quarter. Millennium Management LLC now owns 740,166 shares of the basic materials company’s stock worth $20,540,000 after purchasing an additional 25,133 shares in the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on UNVR. ValuEngine cut shares of Univar from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Deutsche Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Univar in a research note on Friday, September 21st. Berenberg Bank raised shares of Univar from a “sell” rating to a “hold” rating in a research note on Friday, July 6th. Zacks Investment Research raised shares of Univar from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Goldman Sachs Group raised shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Univar has an average rating of “Buy” and an average price target of $30.00.

In related news, Director Kerry J. Preete bought 8,250 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was bought at an average cost of $30.24 per share, with a total value of $249,480.00. Following the completion of the purchase, the director now owns 7,933 shares of the company’s stock, valued at approximately $239,893.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

UNVR opened at $28.19 on Thursday. The firm has a market cap of $4.34 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.86 and a beta of 1.17. Univar Inc has a fifty-two week low of $25.54 and a fifty-two week high of $31.95. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.65 and a quick ratio of 1.08.

Univar (NYSE:UNVR) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Univar had a net margin of 2.19% and a return on equity of 19.85%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. As a group, research analysts predict that Univar Inc will post 1.69 EPS for the current year.

About Univar

Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.

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Institutional Ownership by Quarter for Univar (NYSE:UNVR)

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