Univar Inc (NYSE:UNVR) Sees Large Decrease in Short Interest

Univar Inc (NYSE:UNVR) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 9,040,000 shares, a decrease of 18.5% from the June 30th total of 11,090,000 shares. Based on an average daily trading volume, of 2,780,000 shares, the short-interest ratio is presently 3.3 days. Currently, 5.5% of the company’s stock are sold short.

UNVR has been the subject of several recent research reports. Deutsche Bank increased their price target on Univar from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wells Fargo & Co raised their price objective on Univar from $10.00 to $14.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Zacks Investment Research cut Univar from a “hold” rating to a “sell” rating and set a $13.00 price objective for the company. in a research report on Saturday, May 16th. SunTrust Banks raised their price objective on Univar from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, ValuEngine raised Univar from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.90.

Shares of NYSE UNVR opened at $17.67 on Friday. The firm has a market cap of $2.98 billion, a P/E ratio of 160.65, a price-to-earnings-growth ratio of 2.37 and a beta of 2.06. The company has a current ratio of 1.75, a quick ratio of 1.24 and a debt-to-equity ratio of 1.70. Univar has a 1-year low of $6.40 and a 1-year high of $24.77. The business’s 50 day moving average is $17.22 and its 200-day moving average is $16.35.

Univar (NYSE:UNVR) last announced its earnings results on Monday, May 11th. The basic materials company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.17 billion. Univar had a return on equity of 13.51% and a net margin of 0.21%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Analysts forecast that Univar will post 1.08 EPS for the current year.

In related news, Director Christopher D. Pappas purchased 12,000 shares of Univar stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $12.53 per share, with a total value of $150,360.00. Also, CFO Nicholas W. Alexos purchased 250,000 shares of Univar stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average cost of $13.48 per share, with a total value of $3,370,000.00. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Univar by 2,097.0% during the first quarter. Royal Bank of Canada now owns 4,438 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 4,236 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Univar during the first quarter worth approximately $49,000. Dupont Capital Management Corp bought a new position in shares of Univar during the second quarter worth approximately $63,000. Macquarie Group Ltd. bought a new position in shares of Univar during the fourth quarter worth approximately $90,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Univar by 34.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,919 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 1,000 shares during the period.

Univar Company Profile

Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.

See Also: What is an overbought condition?

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.