White Elm Capital buys $31,718,582 stake in Univar Inc (UNVR)

Univar Inc (UNVR) : White Elm Capital scooped up 287,028 additional shares in Univar Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,618,295 shares of Univar Inc which is valued at $31,718,582.Univar Inc makes up approximately 3.27% of White Elm Capital’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in UNVR by selling 7,378 shares or 14.66% in the most recent quarter. The Hedge Fund company now holds 42,947 shares of UNVR which is valued at $841,761.Blackrock Fund Advisors boosted its stake in UNVR in the latest quarter, The investment management firm added 70,179 additional shares and now holds a total of 1,027,133 shares of Univar Inc which is valued at $20,131,807. First Eagle Investment Management added UNVR to its portfolio by purchasing 1,440,590 company shares during the most recent quarter which is valued at $27,933,040. Univar Inc makes up approx 0.07% of First Eagle Investment Management’s portfolio. Fuller Thaler Asset Management added UNVR to its portfolio by purchasing 6,500 company shares during the most recent quarter which is valued at $121,160.

Univar Inc opened for trading at $20.66 and hit $20.86 on the upside on Thursday, eventually ending the session at $20.85, with a gain of 0.77% or 0.16 points. The heightened volatility saw the trading volume jump to 4,32,058 shares. Company has a market cap of $2,877 M.

On the company’s financial health, Univar Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.16. The company had revenue of $2262.50 million for the quarter, compared to analysts expectations of $2225.21 million. The company’s revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.12 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. 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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