Barclays Downgrades Univar Inc to Equal-weight

Brokerage firm Barclays Downgrades its rating on Univar Inc(NYSE:UNVR). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Barclays was issued on Jun 24, 2016.

Univar Inc (UNVR) made into the market gainers list on Wednesdays trading session with the shares advancing 2.08% or 0.38 points. Due to strong positive momentum, the stock ended at $18.68, which is also near the day’s high of $18.82. The stock began the session at $18.57 and the volume stood at 3,18,777 shares. The 52-week high of the shares is $26.75 and the 52 week low is $10.65. The company has a current market capitalization of $2,578 M and it has 13,79,87,410 shares in outstanding.

Univar Inc(UNVR) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.00B. Analysts had an estimated revenue of $1.97B. Earnings per share were $0.10. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Stephen D Newlin (director) purchased 22,000 shares at $16.80 per share price.Also, On Mar 1, 2016, Christopher D Pappas (director) purchased 30,000 shares at $15.77 per share price.On Sep 30, 2015, J Erik Fyrwald (CEO) purchased 10,000 shares at $18.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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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