State Board of Administration of Florida Retirement System Trims Stock Holdings in Univar Solutions Inc. (NYSE:UNVR)

State Board of Administration of Florida Retirement System reduced its stake in Univar Solutions Inc. (NYSE:UNVRGet Rating) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,764 shares of the basic materials company’s stock after selling 2,080 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Univar Solutions worth $2,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNVR. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Univar Solutions by 1.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 95,890 shares of the basic materials company’s stock valued at $3,082,000 after buying an additional 1,263 shares during the period. FourThought Financial LLC grew its position in Univar Solutions by 96.2% in the 1st quarter. FourThought Financial LLC now owns 7,327 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 3,593 shares in the last quarter. SG Americas Securities LLC grew its position in Univar Solutions by 89.0% in the 1st quarter. SG Americas Securities LLC now owns 126,337 shares of the basic materials company’s stock valued at $4,060,000 after acquiring an additional 59,496 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Univar Solutions by 2.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 255,693 shares of the basic materials company’s stock valued at $8,218,000 after acquiring an additional 6,184 shares in the last quarter. Finally, Granite Investment Partners LLC grew its position in Univar Solutions by 0.3% in the 1st quarter. Granite Investment Partners LLC now owns 1,049,371 shares of the basic materials company’s stock valued at $33,727,000 after acquiring an additional 3,476 shares in the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

Univar Solutions Stock Performance

Shares of Univar Solutions stock opened at $29.20 on Tuesday. Univar Solutions Inc. has a one year low of $21.49 and a one year high of $34.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.36 and a current ratio of 2.07. The business has a 50-day simple moving average of $24.97 and a 200-day simple moving average of $26.37. The company has a market cap of $4.76 billion, a PE ratio of 7.87, a P/E/G ratio of 0.39 and a beta of 1.63.

Univar Solutions (NYSE:UNVRGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Univar Solutions had a return on equity of 24.02% and a net margin of 5.54%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.93 billion. On average, equities research analysts forecast that Univar Solutions Inc. will post 3.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UNVR. The Goldman Sachs Group lifted their target price on Univar Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Univar Solutions from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, October 17th. StockNews.com raised Univar Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Credit Suisse Group initiated coverage on Univar Solutions in a research report on Friday, October 21st. They set an “outperform” rating and a $31.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.00.

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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