Stillwater Investment Management Exits Position in Univar Inc (UNVR)

Univar Inc (UNVR) : Stillwater Investment Management has sold out all of its stake in Univar Inc during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 356,435 shares of Univar Inc which is valued at $6.4 Million.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in UNVR in the latest quarter, The investment management firm added 1,026 additional shares and now holds a total of 4,202 shares of Univar Inc which is valued at $75,804. Secor Capital Advisors Lp sold out all of its stake in UNVR during the most recent quarter. The investment firm sold 18,648 shares of UNVR which is valued $336,410.Td Asset Management Inc reduced its stake in UNVR by selling 200 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 19,900 shares of UNVR which is valued at $346,061.Jennison Associates boosted its stake in UNVR in the latest quarter, The investment management firm added 27,586 additional shares and now holds a total of 1,228,536 shares of Univar Inc which is valued at $21.4 Million. Univar Inc makes up approx 0.02% of Jennison Associates’s portfolio.Russell Frank Co boosted its stake in UNVR in the latest quarter, The investment management firm added 78,285 additional shares and now holds a total of 1,148,280 shares of Univar Inc which is valued at $20 Million. Univar Inc makes up approx 0.03% of Russell Frank Co’s portfolio.

Univar Inc opened for trading at $18.23 and hit $18.71 on the upside on Monday, eventually ending the session at $18.68, with a gain of 3.55% or 0.64 points. The heightened volatility saw the trading volume jump to 6,25,863 shares. Company has a market cap of $2,578 M.

On the company’s financial health, Univar Inc reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.11. The company had revenue of $1966.30 million for the quarter, compared to analysts expectations of $1987.10 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.83 EPS.

Many Wall Street Analysts have commented on Univar Inc. Univar Inc was Upgraded by Goldman to ” Buy” on May 11, 2016. Shares were Upgraded by Barclays on Feb 16, 2016 to ” Overweight” and Lowered the Price Target to $ 18 from a previous price target of $23 .

Univar Inc. is a global chemical distributor and provider of services. The Company source chemicals from over 8800 producers worldwide and provide a range of products and services to over 133000 customer locations in over 150 countries. The Company’s customers includes Akzo Nobel Dow Chemical Company Henkel Ecolab PPG Valero Energy FMC Corporation Georgia-Pacific and Kellogg Company. The Company operates in its geographical segments: Univar USA (USA) Univar Canada or Canada Univar Europe and the Middle East and Africa or EMEA and Rest of World. The Company serves all of the premier United States oil and gas plays including Bakken Eagle Ford and Marcellus as well as the Canadian oil sands.

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