Swiss National Bank reduced its stake in Univar Solutions Inc. (NYSE:UNVR – Get Rating) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 399,038 shares of the basic materials company’s stock after selling 5,200 shares during the quarter. Swiss National Bank’s holdings in Univar Solutions were worth $9,924,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of UNVR. Invesco Ltd. raised its holdings in 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 purchasing an additional 2,092,395 shares during the period. River Road Asset Management LLC increased its stake in Univar Solutions by 71.4% in the 2nd 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. First Trust Advisors LP increased its stake in Univar Solutions by 108.2% in the 1st quarter. First Trust Advisors LP now owns 1,611,617 shares of the basic materials company’s stock worth $51,797,000 after buying an additional 837,572 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Univar Solutions by 90.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,202,048 shares of the basic materials company’s stock worth $38,633,000 after buying an additional 570,993 shares in the last quarter. Finally, BlackRock Inc. increased its stake in 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 in the last quarter. 98.13% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on UNVR. 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 note on Tuesday, November 8th. Credit Suisse Group started coverage on Univar Solutions in a research note on Friday, October 21st. They issued an “outperform” rating and a $31.00 price target for the company. StockNews.com upgraded Univar Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.
Univar Solutions Stock Down 0.3 %
Univar Solutions (NYSE:UNVR – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.93 billion. Univar Solutions had a net margin of 5.54% and a return on equity of 24.02%. Research analysts anticipate that Univar Solutions Inc. will post 3.48 earnings per share for the current year.
Univar Solutions Company Profile
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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