California Public Employees Retirement System Sells 19,120 Shares of Univar Solutions Inc. (NYSE:UNVR)

California Public Employees Retirement System cut its stake in shares of Univar Solutions Inc. (NYSE:UNVRGet Rating) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,846 shares of the basic materials company’s stock after selling 19,120 shares during the quarter. California Public Employees Retirement System’s holdings in Univar Solutions were worth $7,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNVR. Vanguard Group Inc. grew its holdings in Univar Solutions by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,732,208 shares of the basic materials company’s stock worth $505,633,000 after acquiring an additional 230,879 shares during the last quarter. BlackRock Inc. grew its holdings in Univar Solutions by 2.3% during the 1st quarter. BlackRock Inc. now owns 14,530,685 shares of the basic materials company’s stock worth $467,016,000 after acquiring an additional 325,099 shares during the last quarter. Invesco Ltd. grew its holdings in Univar Solutions by 46.1% during the 1st quarter. Invesco Ltd. now owns 6,636,109 shares of the basic materials company’s stock worth $213,284,000 after acquiring an additional 2,092,395 shares during the last quarter. Lyrical Asset Management LP grew its holdings in Univar Solutions by 2.6% during the 1st quarter. Lyrical Asset Management LP now owns 5,478,474 shares of the basic materials company’s stock worth $176,078,000 after acquiring an additional 140,049 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Univar Solutions by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,564,988 shares of the basic materials company’s stock worth $146,720,000 after acquiring an additional 67,283 shares during the last quarter. 98.13% of the stock is owned by institutional investors.

Univar Solutions Stock Up 3.5 %

Univar Solutions stock opened at $31.02 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.07 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 firm’s fifty day moving average is $25.49 and its 200 day moving average is $26.37. The company has a market capitalization of $5.06 billion, a PE ratio of 8.36, a PEG ratio of 0.38 and a beta of 1.63.

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, topping the consensus estimate of $0.75 by $0.09. Univar Solutions had a net margin of 5.54% and a return on equity of 24.02%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.93 billion. As a group, sell-side analysts predict that Univar Solutions Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UNVR. The Goldman Sachs Group boosted their price target on shares of 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 upgraded shares of Univar Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Credit Suisse Group began coverage on shares of Univar Solutions in a research report on Friday, October 21st. They issued an “outperform” rating and a $31.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Univar Solutions from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.

Further Reading

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

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