Insider Selling: Univar Solutions Inc. (NYSE:UNVR) CEO Sells 50,000 Shares of Stock

Univar Solutions Inc. (NYSE:UNVRGet Rating) CEO David Jukes sold 50,000 shares of Univar Solutions stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $32.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the chief executive officer now owns 249,381 shares of the company’s stock, valued at $7,980,192. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

David Jukes also recently made the following trade(s):

  • On Monday, April 4th, David Jukes sold 50,000 shares of Univar Solutions stock. The shares were sold at an average price of $32.03, for a total transaction of $1,601,500.00.

Shares of NYSE UNVR traded up $0.49 during midday trading on Wednesday, reaching $32.02. 583,689 shares of the company were exchanged, compared to its average volume of 1,126,146. The stock’s 50-day moving average price is $30.89 and its 200-day moving average price is $28.56. The stock has a market cap of $5.44 billion, a P/E ratio of 11.90, a PEG ratio of 0.81 and a beta of 1.76. Univar Solutions Inc. has a one year low of $21.56 and a one year high of $34.00. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.97.

Univar Solutions (NYSE:UNVRGet Rating) last posted its earnings results on Thursday, February 24th. The basic materials company reported $0.60 earnings per share for the quarter. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Univar Solutions had a net margin of 4.83% and a return on equity of 18.09%. The company’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts anticipate that Univar Solutions Inc. will post 2.63 EPS for the current year.

A number of research analysts recently issued reports on UNVR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Univar Solutions from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, February 28th. StockNews.com started coverage on shares of Univar Solutions in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Bank of America raised shares of Univar Solutions from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $41.00 in a research note on Tuesday, March 22nd. Finally, Zacks Investment Research raised shares of Univar Solutions from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Tuesday, March 1st. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.13.

Several large investors have recently modified their holdings of the company. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Univar Solutions by 0.9% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 474,174 shares of the basic materials company’s stock worth $15,240,000 after purchasing an additional 4,370 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Univar Solutions during the first quarter worth $52,000. Fifth Third Bancorp lifted its holdings in shares of Univar Solutions by 11.4% during the first quarter. Fifth Third Bancorp now owns 17,856 shares of the basic materials company’s stock worth $574,000 after purchasing an additional 1,830 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Univar Solutions by 133.2% during the first quarter. Wedge Capital Management L L P NC now owns 751,765 shares of the basic materials company’s stock worth $24,162,000 after purchasing an additional 429,453 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new position in shares of Univar Solutions during the first quarter worth $1,808,000. Institutional investors own 94.80% of the company’s stock.

Univar Solutions Company Profile (Get Rating)

Univar Solutions Inc distributes commodity and specialty chemical products, and provides related services worldwide. It offers epoxy resins, polyurethanes, titanium dioxide, fumed silica, esters, plasticizers, silicones, and specialty amines; ingredients for cleaners, detergents, and disinfectant products; and base stocks, performance-enhancing additives for lubricants and metalworking fluids.

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