Verde Servicos Internacionais S.a. Lowers stake in Univar Inc (UNVR)

Univar Inc (UNVR) : Verde Servicos Internacionais S.a. reduced its stake in Univar Inc by 1.38% during the most recent quarter end. The investment management company now holds a total of 1,677,966 shares of Univar Inc which is valued at $32,569,320 after selling 23,520 shares in Univar Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Univar Inc makes up approximately 2.72% of Verde Servicos Internacionais S.a.’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added UNVR to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,937. Bnp Paribas Arbitrage Sa added UNVR to its portfolio by purchasing 1,673 company shares during the most recent quarter which is valued at $32,356.

Univar Inc opened for trading at $19.42 and hit $19.58 on the upside on Wednesday, eventually ending the session at $19.41, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 1,49,014 shares. Company has a market cap of $2,678 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 Resumed by Credit Suisse to “Neutral” on Jun 17, 2016. Univar Inc was Upgraded by Goldman to ” Buy” on May 11, 2016.

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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