Univar Solutions (NYSE:UNVR) Lowered to Hold at Vertical Research

Vertical Research cut shares of Univar Solutions (NYSE:UNVR – Get Rating) from a buy rating to a hold rating in a report published on Tuesday morning, The Fly reports.

A number of other equities research analysts have also weighed in on UNVR. UBS Group lowered shares of Univar Solutions from a buy rating to a neutral rating and set a $37.00 price objective for the company. in a report on Thursday, February 9th. StockNews.com lowered shares of Univar Solutions from a buy rating to a hold rating in a report on Friday, February 24th. Bank of America lowered shares of Univar Solutions from a buy rating to an underperform rating in a report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Univar Solutions from $32.00 to $40.00 in a report on Thursday, February 23rd. Finally, Credit Suisse Group upped their price target on shares of Univar Solutions from $35.00 to $36.00 and gave the company an outperform rating in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Univar Solutions currently has a consensus rating of Hold and a consensus price target of $36.00.

Univar Solutions Price Performance

UNVR stock opened at $34.91 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.99 and a quick ratio of 1.29. Univar Solutions has a one year low of $21.49 and a one year high of $35.61. The stock has a market cap of $5.52 billion, a PE ratio of 10.77, a P/E/G ratio of 1.29 and a beta of 1.70. The firm has a 50 day simple moving average of $33.68 and a two-hundred day simple moving average of $29.73.

Univar Solutions (NYSE:UNVR – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The basic materials company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). Univar Solutions had a return on equity of 22.44% and a net margin of 4.75%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm earned $0.60 EPS. Univar Solutions’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Univar Solutions will post 3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Univar Solutions by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,019,102 shares of the basic materials company’s stock worth $387,014,000 after buying an additional 207,090 shares during the period. BlackRock Inc. grew its position in shares of Univar Solutions by 2.3% in the 1st quarter. BlackRock Inc. now owns 14,530,685 shares of the basic materials company’s stock worth $467,016,000 after buying an additional 325,099 shares during the period. Franklin Resources Inc. grew its position in shares of Univar Solutions by 30.7% in the 4th quarter. Franklin Resources Inc. now owns 7,228,599 shares of the basic materials company’s stock worth $229,869,000 after buying an additional 1,696,095 shares during the period. Invesco Ltd. grew its position in shares of Univar Solutions by 46.1% in the 1st 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 during the period. Finally, Jane Street Group LLC grew its position in shares of Univar Solutions by 23,010.3% in the 2nd quarter. Jane Street Group LLC now owns 5,139,969 shares of the basic materials company’s stock worth $127,831,000 after buying an additional 5,117,728 shares during the period. 95.94% of the stock is owned by hedge funds and other institutional investors.

Univar Solutions Company 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.