Univar Solutions (NYSE:UNVR) Downgraded by Zacks Investment Research

Univar Solutions (NYSE:UNVRGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, Zacks.com reports. They currently have a $31.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 6.24% from the stock’s current price.

According to Zacks, “Earnings estimates for Univar for the first quarter have been stable over the past month. The company should gain from market expansion and strategic acquisitions, especially Nexeo Solutions. The Nexeo acquisition has further strengthened the company’s capabilities and accelerated its ability to create significant value for customers and shareholders. It remains on track to deliver its targeted net synergies from the Nexeo integration. Univar also remains focused on strengthening its businesses through expense management and productivity actions. Cost and productivity actions should lend support to its margins in 2022. It also has a solid liquidity position which should allow it to meet its short-term debt obligations. However, Univar is affected by higher costs and chemical price deflation. It is also exposed to supply-chain issues.”

Other analysts also recently issued research reports about the stock. StockNews.com initiated coverage on shares of Univar Solutions in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Univar Solutions from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, February 28th. Finally, Bank of America upgraded shares of Univar Solutions from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $41.00 in a research note on Tuesday, March 22nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $31.63.

NYSE UNVR traded up $0.06 during trading hours on Monday, reaching $29.18. 14,198 shares of the company were exchanged, compared to its average volume of 1,138,152. Univar Solutions has a 1 year low of $21.56 and a 1 year high of $34.00. The business’s 50 day simple moving average is $31.02 and its 200-day simple moving average is $28.83. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $4.96 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.76 and a beta of 1.76.

Univar Solutions (NYSE:UNVRGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter. Univar Solutions had a net margin of 4.83% and a return on equity of 18.09%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Univar Solutions will post 2.63 earnings per share for the current year.

In other news, Director Christopher D. Pappas acquired 2,000 shares of the business’s stock in a transaction dated Thursday, April 14th. The stock was bought at an average cost of $31.08 per share, for a total transaction of $62,160.00. Following the completion of the transaction, the director now owns 145,088 shares of the company’s stock, valued at $4,509,335.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Jukes sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $32.03, for a total transaction of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 249,381 shares of the company’s stock, valued at $7,987,673.43. The disclosure for this sale can be found here. In the last quarter, insiders bought 9,000 shares of company stock valued at $270,270 and sold 127,326 shares valued at $4,043,954. 1.68% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Univar Solutions by 2.0% during the fourth quarter. BlackRock Inc. now owns 14,205,586 shares of the basic materials company’s stock valued at $402,729,000 after purchasing an additional 276,037 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Univar Solutions by 19.1% during the third quarter. Russell Investments Group Ltd. now owns 6,619,152 shares of the basic materials company’s stock valued at $157,666,000 after purchasing an additional 1,062,934 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Univar Solutions by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,761,167 shares of the basic materials company’s stock valued at $163,329,000 after purchasing an additional 32,046 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Univar Solutions by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,649,623 shares of the basic materials company’s stock valued at $110,759,000 after purchasing an additional 221,992 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Univar Solutions by 3.2% in the 4th quarter. State Street Corp now owns 4,317,242 shares of the basic materials company’s stock worth $122,394,000 after acquiring an additional 135,258 shares during the last quarter. Institutional investors and hedge funds own 97.67% of the company’s stock.

About Univar Solutions (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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