Nuveen Asset Management LLC Has $16.85 Million Stock Holdings in Univar Solutions Inc. (NYSE:UNVR)

Nuveen Asset Management LLC grew its position in shares of Univar Solutions Inc. (NYSE:UNVR – Get Rating) by 4.9% in the third quarter, HoldingsChannel reports. The fund owned 740,929 shares of the basic materials company’s stock after acquiring an additional 34,397 shares during the period. Nuveen Asset Management LLC’s holdings in Univar Solutions were worth $16,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hexagon Capital Partners LLC boosted its holdings in Univar Solutions by 51.7% during the third quarter. Hexagon Capital Partners LLC now owns 1,440 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 491 shares during the last quarter. Atlas Capital Advisors LLC lifted its position in Univar Solutions by 130.4% during the 2nd quarter. Atlas Capital Advisors LLC now owns 2,756 shares of the basic materials company’s stock worth $69,000 after buying an additional 1,560 shares in the last quarter. Covestor Ltd boosted its stake in shares of Univar Solutions by 55.3% during the 1st quarter. Covestor Ltd now owns 2,500 shares of the basic materials company’s stock worth $80,000 after buying an additional 890 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Univar Solutions by 36.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,812 shares of the basic materials company’s stock valued at $90,000 after acquiring an additional 750 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Univar Solutions by 518.6% in the second quarter. Meeder Asset Management Inc. now owns 4,800 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 4,024 shares during the last quarter. 95.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNVR has been the subject of a number of analyst reports. Credit Suisse Group raised their price target on Univar Solutions from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. The Goldman Sachs Group boosted their target price on shares of Univar Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, November 8th. StockNews.com cut shares of Univar Solutions from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. Bank of America lowered shares of Univar Solutions from a “buy” rating to an “underperform” rating in a research note on Wednesday, January 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Univar Solutions from $32.00 to $40.00 in a research note on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Univar Solutions currently has an average rating of “Hold” and a consensus price target of $36.00.

Univar Solutions Price Performance

Shares of UNVR opened at $35.44 on Monday. The company’s 50-day moving average is $33.53 and its 200-day moving average is $29.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.99 and a quick ratio of 1.29. The firm has a market capitalization of $5.60 billion, a PE ratio of 10.94, a PEG ratio of 1.47 and a beta of 1.70. Univar Solutions Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $35.61.

Univar Solutions (NYSE:UNVR – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The basic materials company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.71 billion. Univar Solutions had a net margin of 4.75% and a return on equity of 22.44%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Equities analysts forecast that Univar Solutions Inc. will post 2.92 EPS for the current year.

About Univar Solutions

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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.