NEW YORK (TheStreet) -- Shares of Univar(UNVR) - Get Report were retreating 6.57% to $18.78 on heavy trading volume mid-Tuesday morning after pricing a stock offering below yesterday's closing price. 

The Downers Grove, IL-based chemical distribution company priced a public offering of nearly 21 million shares of common stock at $19 each. 

This was lower than the stock's closing price of $20.10 on Monday.

Univar expects the offering to close on August 18, with all of the net proceeds going to the selling stockholders. 

About 2.24 million shares of Univar have been traded so far today, well above the stock's average trading volume of roughly 337,186 shares a day. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Univar's strengths such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations are countered by weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins.

You can view the full analysis from the report here: UNVR

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

Image placeholder title