Truist Financial Corp Sells 1,282 Shares of Univar Solutions Inc. (NYSE:UNVR)

Truist Financial Corp lowered its stake in shares of Univar Solutions Inc. (NYSE:UNVRGet Rating) by 2.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 52,522 shares of the basic materials company’s stock after selling 1,282 shares during the quarter. Truist Financial Corp’s holdings in Univar Solutions were worth $1,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Univar Solutions by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,732,208 shares of the basic materials company’s stock worth $505,633,000 after buying an additional 230,879 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Univar Solutions by 2.3% during the 1st quarter. BlackRock Inc. now owns 14,530,685 shares of the basic materials company’s stock valued at $467,016,000 after purchasing an additional 325,099 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Univar Solutions by 46.1% during the 1st quarter. Invesco Ltd. now owns 6,636,109 shares of the basic materials company’s stock valued at $213,284,000 after purchasing an additional 2,092,395 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Univar Solutions by 23,010.3% during the 2nd quarter. Jane Street Group LLC now owns 5,139,969 shares of the basic materials company’s stock valued at $127,831,000 after purchasing an additional 5,117,728 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Univar Solutions by 5.7% during the 1st quarter. State Street Corp now owns 4,562,358 shares of the basic materials company’s stock valued at $146,634,000 after purchasing an additional 245,116 shares in the last quarter. Institutional investors own 95.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com cut Univar Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. 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 report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft dropped their target price 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. UBS Group lifted their target price on Univar Solutions to $37.00 in a research report on Monday, November 28th. Finally, Bank of America lowered Univar Solutions from a “buy” rating to an “underperform” rating in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.14.

Insider Buying and Selling

In related news, SVP Pat Jerding sold 11,654 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 11,553 shares of the company’s stock, valued at approximately $387,025.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Pat Jerding sold 11,654 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $33.50, for a total value of $390,409.00. Following the completion of the sale, the senior vice president now directly owns 11,553 shares in the company, valued at approximately $387,025.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen D. Newlin sold 50,000 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $32.01, for a total value of $1,600,500.00. Following the completion of the sale, the director now owns 159,933 shares of the company’s stock, valued at $5,119,455.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,654 shares of company stock valued at $3,636,409. 1.68% of the stock is owned by insiders.

Univar Solutions Stock Down 0.8 %

NYSE:UNVR opened at $32.37 on Friday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.67. Univar Solutions Inc. has a twelve month low of $21.49 and a twelve month high of $34.53. The stock’s 50 day moving average price is $31.87 and its two-hundred day moving average price is $27.48. 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 (NYSE:UNVRGet Rating) last posted 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. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.93 billion. Univar Solutions had a return on equity of 24.02% and a net margin of 5.54%. Equities research analysts expect that Univar Solutions Inc. will post 3.48 earnings per share for the current fiscal year.

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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