Martingale Asset Management L P Purchases Shares of 27,062 Univar Solutions Inc. (NYSE:UNVR)

Martingale Asset Management L P purchased a new stake in shares of Univar Solutions Inc. (NYSE:UNVRGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,062 shares of the basic materials company’s stock, valued at approximately $870,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in Univar Solutions by 129.6% during the first quarter. Meeder Asset Management Inc. now owns 776 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 438 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Univar Solutions in the first quarter worth about $38,000. Covestor Ltd bought a new stake in shares of Univar Solutions in the fourth quarter worth about $46,000. Koshinski Asset Management Inc. bought a new stake in shares of Univar Solutions in the first quarter worth about $52,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Univar Solutions in the fourth quarter worth about $58,000. 98.13% of the stock is owned by institutional investors.

Univar Solutions Trading Down 0.4 %

UNVR opened at $24.73 on Monday. The firm has a market cap of $4.12 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.50 and a beta of 1.68. Univar Solutions Inc. has a 12 month low of $21.56 and a 12 month high of $34.00. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $25.53 and a 200 day moving average of $28.59.

Univar Solutions (NYSE:UNVRGet Rating) last announced its earnings results on Monday, August 1st. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. Univar Solutions had a return on equity of 23.57% and a net margin of 5.37%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, research analysts forecast that Univar Solutions Inc. will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

UNVR has been the topic of several research reports. Wells Fargo & Company raised Univar Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $36.00 in a report on Wednesday, May 25th. Berenberg Bank lifted their target price on Univar Solutions from $37.50 to $40.00 in a report on Thursday, May 26th. Bank of America reduced their target price on Univar Solutions from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Finally, StockNews.com lowered Univar Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 12th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $35.40.

Insider Buying and Selling at Univar Solutions

In other Univar Solutions news, Director Christopher D. Pappas bought 4,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was acquired at an average price of $25.68 per share, for a total transaction of $102,720.00. Following the completion of the transaction, the director now directly owns 161,502 shares of the company’s stock, valued at $4,147,371.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Christopher D. Pappas purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, June 14th. The stock was purchased at an average price of $28.68 per share, for a total transaction of $57,360.00. Following the completion of the acquisition, the director now owns 157,502 shares of the company’s stock, valued at $4,517,157.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher D. Pappas purchased 4,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $25.68 per share, with a total value of $102,720.00. Following the acquisition, the director now directly owns 161,502 shares of the company’s stock, valued at approximately $4,147,371.36. The disclosure for this purchase can be found here. Insiders acquired 31,000 shares of company stock worth $814,830 over the last 90 days. Company insiders own 1.68% of the company’s stock.

Univar Solutions Company Profile

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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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Institutional Ownership by Quarter for Univar Solutions (NYSE:UNVR)

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