Univar Solutions (NYSE:UNVR) Cut to Buy at StockNews.com

Univar Solutions (NYSE:UNVRGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price 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. Zacks Investment Research cut shares of Univar Solutions from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Monday, May 2nd. Finally, Bank of America raised shares of Univar Solutions from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $41.00 in a research report on Tuesday, March 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $33.40.

NYSE:UNVR opened at $28.52 on Thursday. Univar Solutions has a 1-year low of $21.56 and a 1-year high of $34.00. The company has a current ratio of 1.95, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $30.90 and a 200 day simple moving average of $29.01. The stock has a market capitalization of $4.84 billion, a PE ratio of 8.49, a P/E/G ratio of 0.73 and a beta of 1.70.

Univar Solutions (NYSE:UNVRGet Rating) last released its earnings results on Monday, May 9th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.30. Univar Solutions had a net margin of 5.60% and a return on equity of 21.64%. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. On average, equities analysts predict that Univar Solutions will post 2.63 earnings per share for the current fiscal year.

In other news, Director Christopher D. Pappas bought 5,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $27.25 per share, with a total value of $136,250.00. Following the completion of the acquisition, the director now owns 150,088 shares of the company’s stock, valued at $4,089,898. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Jukes sold 50,000 shares of Univar Solutions stock in a transaction on Monday, April 4th. The stock was sold at an average price of $32.03, for a total value of $1,601,500.00. Following the sale, the chief executive officer now directly owns 249,381 shares of the company’s stock, valued at approximately $7,987,673.43. The disclosure for this sale can be found here. In the last three months, insiders have bought 14,000 shares of company stock valued at $406,520 and have sold 125,000 shares valued at $3,976,500. 0.92% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of UNVR. Marshall Wace North America L.P. acquired a new position in Univar Solutions in the first quarter valued at about $49,000. First Trust Advisors LP raised its stake in Univar Solutions by 56.6% in the first quarter. First Trust Advisors LP now owns 210,794 shares of the basic materials company’s stock valued at $4,671,000 after purchasing an additional 76,161 shares in the last quarter. Wells Fargo & Company MN raised its stake in Univar Solutions by 79.8% in the second quarter. Wells Fargo & Company MN now owns 44,303 shares of the basic materials company’s stock valued at $1,079,000 after purchasing an additional 19,663 shares in the last quarter. Deutsche Bank AG raised its stake in Univar Solutions by 123.5% in the third quarter. Deutsche Bank AG now owns 293,584 shares of the basic materials company’s stock valued at $6,993,000 after purchasing an additional 162,250 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Univar Solutions by 62.1% in the third quarter. Advisor Group Holdings Inc. now owns 27,915 shares of the basic materials company’s stock valued at $665,000 after purchasing an additional 10,695 shares in the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.

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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