Univar Solutions Inc. (NYSE:UNVR) Shares Acquired by Arizona State Retirement System

Posted by on May 12th, 2023

Arizona State Retirement System grew its stake in shares of Univar Solutions Inc. (NYSE:UNVR – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,065 shares of the basic materials company’s stock after purchasing an additional 1,077 shares during the period. Arizona State Retirement System’s holdings in Univar Solutions were worth $1,497,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC raised its position in Univar Solutions by 172.4% during the fourth quarter. Signaturefd LLC now owns 1,016 shares of the basic materials company’s stock valued at $32,000 after buying an additional 643 shares during the period. Accurate Wealth Management LLC acquired a new position in Univar Solutions during the fourth quarter valued at $39,000. Exchange Traded Concepts LLC acquired a new position in Univar Solutions during the fourth quarter valued at $54,000. Covestor Ltd raised its position in Univar Solutions by 55.3% during the first quarter. Covestor Ltd now owns 2,500 shares of the basic materials company’s stock valued at $80,000 after buying an additional 890 shares during the period. Finally, Atlas Capital Advisors LLC raised its position in Univar Solutions by 130.4% during the second quarter. Atlas Capital Advisors LLC now owns 2,756 shares of the basic materials company’s stock valued at $69,000 after buying an additional 1,560 shares during the period. 95.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on UNVR. Vertical Research lowered Univar Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Barclays upped their price target on Univar Solutions from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 14th. Credit Suisse Group upped their target price on Univar Solutions from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. StockNews.com started coverage on Univar Solutions in a research report on Thursday. They issued a “hold” rating on the stock. Finally, UBS Group lowered Univar Solutions from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Univar Solutions Stock Performance

Shares of NYSE UNVR opened at $35.52 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.29 and a current ratio of 1.99. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.42 and a beta of 1.69. The business’s 50-day simple moving average is $34.89 and its 200-day simple moving average is $32.91. Univar Solutions Inc. has a 52 week low of $21.49 and a 52 week high of $35.63.

Univar Solutions (NYSE:UNVR – Get Rating) last issued its quarterly earnings data on Monday, May 8th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.43 billion. Univar Solutions had a return on equity of 19.13% and a net margin of 3.97%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. As a group, equities research analysts expect that Univar Solutions Inc. will post 3.03 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Univar Solutions (NYSE:UNVR)

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