Is Univar Inc (UNVR) A Good Stock To Buy According To Hedge Funds?

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As one would reasonably expect, key hedge funds were leading the bulls’ herd. Laurion Capital Management assembled the largest position in Univar Inc (NYSE:UNVR). Christopher A. Winham’s Tide Point Capital also made a $27.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Ben Gambill’s Tiger Eye Capital, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Malcolm Fairbairn’s Ascend Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Univar Inc (NYSE:UNVR) but similarly valued. These stocks are EnerSys (NYSE:ENS), Paycom Software Inc (NYSE:PAYC), Chimera Investment Corporation (NYSE:CIM), and RLI Corp. (NYSE:RLI). This group of stocks’ market caps resemble UNVR’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ENS 21 58250 -1
PAYC 18 134789 -1
CIM 11 106391 -2
RLI 9 120998 -2

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $105 million. That figure was $444 million in UNVR’s case. EnerSys (NYSE:ENS) is the most popular stock in this table. On the other hand RLI Corp. (NYSE:RLI) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Univar Inc (NYSE:UNVR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.

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