Lazard Asset Management LLC Raises Stock Holdings in Univar Solutions Inc. (NYSE:UNVR)

Lazard Asset Management LLC increased its position in Univar Solutions Inc. (NYSE:UNVRGet Rating) by 87.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,271 shares of the basic materials company’s stock after acquiring an additional 2,459 shares during the period. Lazard Asset Management LLC’s holdings in Univar Solutions were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNVR. Meeder Asset Management Inc. raised its stake in Univar Solutions by 129.6% in the 1st quarter. Meeder Asset Management Inc. now owns 776 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 438 shares during the last quarter. Ellevest Inc. raised its stake in Univar Solutions by 191.1% in the 2nd quarter. Ellevest Inc. now owns 1,115 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 732 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in Univar Solutions in the 1st quarter worth $38,000. EverSource Wealth Advisors LLC purchased a new position in Univar Solutions in the 2nd quarter worth $46,000. Finally, Covestor Ltd raised its stake in Univar Solutions by 55.3% in the 1st quarter. Covestor Ltd now owns 2,500 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 98.13% of the company’s stock.

Univar Solutions Trading Up 1.3 %

UNVR stock opened at $28.92 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.36 and a debt-to-equity ratio of 0.96. Univar Solutions Inc. has a 12-month low of $21.49 and a 12-month high of $34.00. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.38 and a beta of 1.63. The business’s 50-day moving average is $25.28 and its 200 day moving average is $26.33.

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

Wall Street Analysts Forecast Growth

UNVR has been the subject of a number of recent research reports. Credit Suisse Group initiated coverage on Univar Solutions in a research note on Friday, October 21st. They set an “outperform” rating and a $31.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Univar Solutions from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, October 17th. The Goldman Sachs Group lifted their price objective on Univar Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, November 8th. Finally, StockNews.com upgraded Univar Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

About Univar Solutions

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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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