MetLife Investment Management LLC Sells 2,948 Shares of Univar Solutions Inc. (NYSE:UNVR)

Posted by Defense World Staff on Feb 26th, 2023

MetLife Investment Management LLC reduced its stake in shares of Univar Solutions Inc. (NYSE:UNVR – Get Rating) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,067 shares of the basic materials company’s stock after selling 2,948 shares during the period. MetLife Investment Management LLC owned 0.07% of Univar Solutions worth $2,435,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC raised its position in Univar Solutions by 51.7% during the 3rd 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. Covestor Ltd raised its position in shares of Univar Solutions by 55.3% in the 1st quarter. Covestor Ltd now owns 2,500 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 890 shares in the last quarter. Atlas Capital Advisors LLC raised its position in shares of Univar Solutions by 130.4% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,756 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 1,560 shares in the last quarter. Lazard Asset Management LLC raised its position 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 worth $90,000 after acquiring an additional 750 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Univar Solutions by 518.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,800 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 4,024 shares in the last quarter. 95.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Univar Solutions

In other Univar Solutions news, Director Stephen D. Newlin sold 50,000 shares of Univar Solutions stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $32.91, for a total transaction of $1,645,500.00. Following the completion of the transaction, the director now owns 159,933 shares in the company, valued at approximately $5,263,395.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Univar Solutions news, SVP Pat Jerding sold 11,654 shares of Univar Solutions stock in a transaction that occurred 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 transaction, the senior vice president now 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 SEC, which is available through this link. Also, Director Stephen D. Newlin sold 50,000 shares of Univar Solutions stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $32.91, for a total transaction of $1,645,500.00. Following the transaction, 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. Company insiders own 0.92% of the company’s stock.

Univar Solutions Stock Performance

Shares of UNVR opened at $34.66 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.99 and a quick ratio of 1.36. The stock has a 50-day moving average of $33.20 and a 200-day moving average of $29.15. The company has a market cap of $5.48 billion, a PE ratio of 10.70, a P/E/G ratio of 0.56 and a beta of 1.70. Univar Solutions Inc. has a one year low of $21.49 and a one year high of $35.61.

Univar Solutions (NYSE:UNVR – Get Rating) last issued its earnings results on Tuesday, February 21st. The basic materials company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.09). The firm 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 business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, equities research analysts predict that Univar Solutions Inc. will post 2.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com lowered Univar Solutions from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on Univar Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Univar Solutions from $32.00 to $40.00 in a research report on Thursday. Credit Suisse Group lifted their price objective on Univar Solutions from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Bank of America downgraded Univar Solutions from a “buy” rating to an “underperform” rating in a research note on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.00.

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.