Univar Solutions (NYSE:UNVR) Lowered to Hold at Vertical Research

Vertical Research lowered shares of Univar Solutions (NYSE:UNVR – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other brokerages also recently issued reports on UNVR. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Univar Solutions from $32.00 to $40.00 in a research report on Thursday, February 23rd. 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 cut shares of Univar Solutions from a buy rating to an underperform rating in a research note on Wednesday, January 11th. UBS Group cut shares of Univar Solutions from a buy rating to a neutral rating and set a $37.00 target price for the company. in a research note on Thursday, February 9th. Finally, Credit Suisse Group lifted their target price on shares of Univar Solutions from $35.00 to $36.00 and gave the stock an outperform rating in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $36.00.

Univar Solutions Trading Up 12.0 %

NYSE UNVR opened at $34.91 on Tuesday. The company’s 50-day simple moving average is $33.68 and its two-hundred day simple moving average is $29.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.29 and a current ratio of 1.99. Univar Solutions has a one year low of $21.49 and a one year high of $35.61. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.29 and a beta of 1.70.

Univar Solutions (NYSE:UNVR – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). Univar Solutions had a return on equity of 22.44% and a net margin of 4.75%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Univar Solutions will post 3 EPS for the current fiscal year.

Institutional Trading of Univar Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Boyar Asset Management Inc. lifted its stake in Univar Solutions by 2.7% during the 4th quarter. Boyar Asset Management Inc. now owns 12,281 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 325 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of Univar Solutions by 0.8% in the 4th quarter. First Republic Investment Management Inc. now owns 58,653 shares of the basic materials company’s stock valued at $1,865,000 after purchasing an additional 477 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Univar Solutions by 16.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,380 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 488 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Univar Solutions by 51.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,440 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 491 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Univar Solutions by 172.4% in the 4th quarter. Signaturefd LLC now owns 1,016 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 643 shares during the period. 95.94% of the stock is currently owned by institutional investors and hedge funds.

Univar Solutions Company 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.