Univar (NYSE:UNVR) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.
UNVR has been the subject of several other research reports. Zacks Investment Research cut shares of Univar from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Berenberg Bank upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Goldman Sachs Group upgraded shares of Univar from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, August 2nd. Barclays lowered their price target on shares of Univar from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, Deutsche Bank reiterated a “buy” rating and set a $35.00 price target on shares of Univar in a research report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Univar has a consensus rating of “Buy” and an average target price of $30.00.
Shares of NYSE:UNVR traded down $0.87 during trading on Friday, hitting $26.60. 2,111,000 shares of the company’s stock were exchanged, compared to its average volume of 966,879. Univar has a 1-year low of $25.54 and a 1-year 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. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.71 and a beta of 1.18.
In other Univar news, Director Kerry J. Preete purchased 8,250 shares of the stock in a transaction dated Monday, September 24th. The stock was bought at an average price of $30.24 per share, for a total transaction of $249,480.00. Following the transaction, the director now directly owns 7,933 shares in the company, valued at $239,893.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.82% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in UNVR. Chicago Equity Partners LLC bought a new position in Univar during the 2nd quarter worth approximately $201,000. Jane Street Group LLC bought a new position in Univar during the 1st quarter worth approximately $221,000. NumerixS Investment Technologies Inc boosted its stake in Univar by 148.6% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 5,200 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Univar during the 2nd quarter worth approximately $260,000. Finally, Strs Ohio bought a new position in Univar during the 2nd quarter worth approximately $264,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.
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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