SVB Wealth LLC purchased new shares in Univar Solutions Inc. (NYSE: UNVR – Get Rating) during the fourth quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. The fund bought 6,761 shares of the basic materials company, worth about $215,000.
A number of other institutional investors have also recently changed their stakes in the business. Boyar Asset Management Inc. increased his holding of Univar Solutions shares by 2.7% in the fourth quarter. Boyar Asset Management Inc. purchased an additional 325 shares last quarter and now owns 12,281 shares of Basic Materials, valued at $391,000. Signaturefd LLC increased his stake in Univar Solutions shares by 172.4% in the fourth quarter. Signaturefd LLC purchased an additional 643 shares in the last quarter and now owns 1,016 shares of the basic materials company valued at $32,000. Lazard Asset Management LLC increased its position in Univar Solutions by 36.4% in the first quarter. Lazard Asset Management LLC purchased an additional 750 shares last quarter and now owns 2,812 shares of Basic Materials, valued at $90,000. Oliver Luxxe Assets LLC increased its position in Univar Solutions by 3.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 24,090 shares of the basic materials company, valued at $766,000, after purchasing an additional 790 shares last quarter. Finally, Covestor Ltd increased its position in Univar Solutions by 55.3% in the first quarter. Covestor Ltd purchased an additional 890 shares last quarter and now owns 2,500 shares valued at $80,000 in the basic materials company. Currently, 95.94% of the shares are owned by hedge funds and other institutional investors.
Wall Street analyst speaks out
Many analysts have commented on the company. StockNews.com undertook coverage of Univar Solutions in its investigative report on Saturday. They set a “Hold” rating on the stock. Credit Suisse Group raised its price target on Univer Solutions from $35.00 to $36.00 in its research report on Wednesday, February 22, giving the stock an “outperform” rating. Barclays raised its price target on Univer Solutions from $33.00 to $36.00, giving the stock an “equal weight” rating in its research report on Tuesday 14 March. Vertical Research downgraded Univer Solutions from a ‘buy’ rating to a ‘hold’ rating in a research report on Tuesday, March 14. Finally, Deutsche Bank Aktiengesellschaft raised its Univar Solutions target price from $32.00 to $40.00 in a research report on Thursday, February 23rd. One investment analyst gave the stock a sell rating, five gave a hold rating, and two gave a buy rating. According to MarketBeat.com data, Univar Solutions has an average valuation of Hold and an average target price of $35.33.
Univer Solutions stock performance
Univer Solutions shares opened Monday at $35.66. The stock has a 50-day moving average price of $35.26 and a 200-day moving average price of $33.70. Univer Solutions hit a 52-week low of $21.49 and a 52-week high of $35.75. The company has a market cap of $5.63 billion, a P/E ratio of 13.21, a PEG ratio of 1.45 and a beta of 1.69. The company’s current ratio is 2.18x, quick ratio is 1.45x, and debt-to-equity ratio is 0.96x.
Univar Solutions (NYSE:UNVR – Get Rating) last reported earnings on Monday, May 8th. Basic Materials reported earnings per share of $0.63 for the quarter, beating consensus expectations of $0.58 by $0.05. The company had revenue of $2.68 billion for the quarter, compared with consensus expectations of $2.43 billion. Univar Solutions’ return on equity was 19.05% and net profit margin was 3.97%. The company’s revenue for the quarter decreased by 6.9% compared to the same period last year. Earnings per share for the business in the same period last year were $1.07. Equity research analysts expect Univer Solutions to post earnings per share of $2.97 this year.
UNIVER SOLUTIONS company profile
Univar Solutions, Inc is a chemical and raw materials distributor and professional services provider. It operates in the US, Canada, Europe, Middle East, Africa and Latin America segments. The company was founded by George Van Waters and Nat Rogers on his August 8, 1924, and is headquartered in Downers Grove, Illinois.
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