Allspring Global Investments Holdings LLC Acquires 2,496 Shares of Univar Solutions Inc. (NYSE:UNVR)

Allspring Global Investments Holdings LLC lifted its holdings in Univar Solutions Inc. (NYSE:UNVR – Get Rating) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,538 shares of the basic materials company’s stock after buying an additional 2,496 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Univar Solutions were worth $626,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UNVR. Treasurer of the State of North Carolina grew its stake in shares of Univar Solutions by 14.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 70,813 shares of the basic materials company’s stock valued at $1,761,000 after buying an additional 9,193 shares during the period. Rhumbline Advisers grew its stake in shares of Univar Solutions by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 490,209 shares of the basic materials company’s stock valued at $12,191,000 after buying an additional 37,254 shares during the period. Comerica Bank boosted its stake in Univar Solutions by 1.3% during the 2nd quarter. Comerica Bank now owns 268,206 shares of the basic materials company’s stock valued at $6,719,000 after purchasing an additional 3,373 shares during the last quarter. Bank of Nova Scotia acquired a new position in Univar Solutions during the 2nd quarter valued at about $258,000. Finally, Xponance Inc. boosted its stake in Univar Solutions by 7.3% during the 2nd quarter. Xponance Inc. now owns 20,274 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 1,383 shares during the last quarter. 95.94% of the stock is owned by institutional investors.

Univar Solutions Price Performance

Shares of NYSE UNVR opened at $32.81 on Tuesday. 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 $32.00 and its 200-day moving average price is $27.65. The company has a market capitalization of $5.35 billion, a PE ratio of 8.84, a PEG ratio of 0.52 and a beta of 1.67. 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:UNVR – Get Rating) last announced 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 firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.93 billion. Univar Solutions had a return on equity of 24.02% and a net margin of 5.54%. On average, equities analysts anticipate that Univar Solutions Inc. will post 3.48 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen D. Newlin sold 50,000 shares of Univar Solutions stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $32.91, for a total value of $1,645,500.00. Following the sale, the director now owns 159,933 shares of the company’s stock, valued at approximately $5,263,395.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Univar Solutions news, SVP Pat Jerding sold 11,654 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $33.50, for a total transaction of $390,409.00. Following the sale, the senior vice president now owns 11,553 shares of the company’s stock, valued at approximately $387,025.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen D. Newlin sold 50,000 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $32.91, for a total transaction of $1,645,500.00. Following the sale, the director now directly owns 159,933 shares in the company, valued at approximately $5,263,395.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,654 shares of company stock valued at $3,636,409. 1.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UNVR has been the subject of a number of analyst reports. Bank of America downgraded Univar Solutions from a “buy” rating to an “underperform” rating in a research note on Wednesday, January 11th. StockNews.com downgraded Univar Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Credit Suisse Group lifted their price target on Univar Solutions to $35.00 in a research note on Monday, November 28th. UBS Group lifted their price target on Univar Solutions to $37.00 in a research note on Monday, November 28th. Finally, The Goldman Sachs Group lifted their price target on Univar Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, November 8th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.14.

Univar Solutions 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.