Allspring Global Investments Holdings LLC Acquires 2,496 Shares of Univar Solutions Inc. (NYSE:UNVR)

Allspring Global Investments Holdings LLC lifted its position in shares of Univar Solutions Inc. (NYSE:UNVRGet Rating) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,538 shares of the basic materials company’s stock after purchasing an additional 2,496 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Univar Solutions were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in UNVR. Jane Street Group LLC increased its stake in shares of Univar Solutions by 23,010.3% during the second quarter. Jane Street Group LLC now owns 5,139,969 shares of the basic materials company’s stock worth $127,831,000 after purchasing an additional 5,117,728 shares during the period. Invesco Ltd. grew its position in Univar Solutions by 46.1% during the first quarter. Invesco Ltd. now owns 6,636,109 shares of the basic materials company’s stock worth $213,284,000 after buying an additional 2,092,395 shares in the last quarter. Citadel Advisors LLC grew its position in Univar Solutions by 738.0% during the second quarter. Citadel Advisors LLC now owns 1,996,270 shares of the basic materials company’s stock worth $49,647,000 after buying an additional 1,758,043 shares in the last quarter. Millennium Management LLC grew its position in Univar Solutions by 106.2% during the second quarter. Millennium Management LLC now owns 2,713,054 shares of the basic materials company’s stock worth $67,474,000 after buying an additional 1,397,330 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in Univar Solutions by 71.4% during the second quarter. River Road Asset Management LLC now owns 2,964,327 shares of the basic materials company’s stock worth $73,723,000 after buying an additional 1,234,500 shares in the last quarter. Institutional investors own 95.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UNVR shares. UBS Group increased their price target on Univar Solutions to $37.00 in a research report on Monday, November 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Univar Solutions from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. The Goldman Sachs Group increased their price target on Univar Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 8th. StockNews.com downgraded Univar Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Finally, Credit Suisse Group raised their target price on Univar Solutions to $35.00 in a report on Monday, November 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.14.

Univar Solutions Trading Up 0.7 %

Shares of UNVR stock opened at $32.81 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.36 and a current ratio of 2.07. Univar Solutions Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.53. The company has a market cap of $5.35 billion, a PE ratio of 8.84, a P/E/G ratio of 0.52 and a beta of 1.67. The stock’s fifty day moving average price is $32.00 and its two-hundred day moving average price is $27.65.

Univar Solutions (NYSE:UNVRGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $0.84 earnings per share for the quarter, beating 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 company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.93 billion. Equities analysts predict that Univar Solutions Inc. will post 3.48 EPS for the current fiscal year.

Insider Activity at Univar Solutions

In related news, Director Stephen D. Newlin sold 50,000 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $32.91, for a total transaction of $1,645,500.00. Following the sale, the director now owns 159,933 shares of the company’s stock, valued at approximately $5,263,395.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Pat Jerding sold 11,654 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $33.50, for a total transaction of $390,409.00. Following the completion of the transaction, the senior vice president now directly owns 11,553 shares of the company’s stock, valued at approximately $387,025.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen D. Newlin sold 50,000 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $32.91, for a total value of $1,645,500.00. Following the transaction, the director now directly owns 159,933 shares of the company’s stock, valued at $5,263,395.03. The disclosure for this sale can be found here. Insiders have sold a total of 111,654 shares of company stock valued at $3,636,409 in the last 90 days. 1.68% of the stock is owned by corporate insiders.

Univar Solutions Profile

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Univar Solutions, Inc is a chemical and ingredients distributor and provider of specialty services. It operates through the following segments: USA, Canada, Europe and the Middle East and Africa, and Latin America. The company was founded by George van Waters and Nat Rogers on August 8, 1924, and is headquartered in Downers Grove, IL.

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

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