Wells Fargo & Company MN boosted its stake in shares of Univar Inc (NYSE:UNVR) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,902,833 shares of the basic materials company’s stock after buying an additional 887,218 shares during the quarter. Wells Fargo & Company MN owned 2.77% of Univar worth $120,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd grew its position in Univar by 13.5% during the second quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock worth $247,000 after buying an additional 1,004 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Univar by 45.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the basic materials company’s stock worth $192,000 after buying an additional 1,941 shares during the period. Parametric Portfolio Associates LLC grew its position in Univar by 1.6% during the second quarter. Parametric Portfolio Associates LLC now owns 137,311 shares of the basic materials company’s stock worth $4,009,000 after buying an additional 2,101 shares during the period. Pacer Advisors Inc. grew its position in Univar by 10.5% during the third quarter. Pacer Advisors Inc. now owns 23,845 shares of the basic materials company’s stock worth $690,000 after buying an additional 2,270 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Univar by 125.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,262 shares of the basic materials company’s stock worth $162,000 after buying an additional 2,932 shares during the period. Institutional investors own 98.34% of the company’s stock.

How to Become a New Pot Stock Millionaire

Univar Inc (UNVR) opened at $29.61 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.18 and a current ratio of 1.77. The stock has a market cap of $4,170.00 and a P/E ratio of 21.30. Univar Inc has a one year low of $25.79 and a one year high of $32.53.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.85 billion. Univar had a net margin of 1.45% and a return on equity of 17.25%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. research analysts forecast that Univar Inc will post 1.72 EPS for the current fiscal year.

Several research firms have recently commented on UNVR. SunTrust Banks upgraded shares of Univar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Deutsche Bank set a $34.00 price target on shares of Univar and gave the company a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Univar from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, February 28th. Finally, Vertical Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.67.

In other Univar news, insider Dahlia Investments Pte. Ltd. sold 2,015 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $31.12, for a total transaction of $62,706.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Associates Viii Ltd. Cd&R sold 10,000,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $28.79, for a total transaction of $287,900,000.00. The disclosure for this sale can be found here. Insiders have sold 10,093,587 shares of company stock worth $290,814,052 in the last three months. Insiders own 1.82% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Company MN Raises Stake in Univar Inc (UNVR)” was published by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.mareainformativa.com/2018/03/16/univar-inc-unvr-shares-bought-by-wells-fargo-company-mn-updated-updated-updated.html.

About Univar

Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.

Institutional Ownership by Quarter for Univar (NYSE:UNVR)

Receive News & Ratings for Univar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar and related companies with MarketBeat.com's FREE daily email newsletter.