Retirement Systems of Alabama Cuts Position in Univar Solutions Inc. (NYSE:UNVR)

Posted by on Jul 25th, 2023

Retirement Systems of Alabama lessened its holdings in Univar Solutions Inc. (NYSE:UNVR – Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,197 shares of the basic materials company’s stock after selling 1,863 shares during the quarter. Retirement Systems of Alabama owned about 0.14% of Univar Solutions worth $7,468,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UNVR. Signaturefd LLC grew its holdings in shares of 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 last quarter. EverSource Wealth Advisors LLC bought a new position in Univar Solutions during the fourth quarter valued at approximately $34,000. ST Germain D J Co. Inc. bought a new position in Univar Solutions during the fourth quarter valued at approximately $34,000. Exchange Traded Concepts LLC bought a new position in Univar Solutions during the fourth quarter valued at approximately $54,000. Finally, Atlas Capital Advisors LLC lifted 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 purchasing an additional 1,560 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Univar Solutions Stock Up 0.0 %

UNVR opened at $35.94 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.45 and a debt-to-equity ratio of 0.96. Univar Solutions Inc. has a 1-year low of $21.49 and a 1-year high of $36.03. The company has a market capitalization of $5.67 billion, a PE ratio of 13.31, a PEG ratio of 1.47 and a beta of 1.67. The firm’s 50 day simple moving average is $35.73 and its two-hundred day simple moving average is $34.92.

Univar Solutions (NYSE:UNVR – Get Free Report) last released its quarterly earnings results on Monday, May 8th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. Univar Solutions had a net margin of 3.97% and a return on equity of 19.05%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the firm earned $1.07 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, equities analysts forecast that Univar Solutions Inc. will post 2.96 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Univar Solutions in a research report on Saturday. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.60.

Univar Solutions Company Profile

(Free Report)

Univar Solutions Inc distributes commodity and specialty chemical products, and provides related services worldwide. It offers epoxy resins, polyurethanes, titanium dioxide, fumed silica, esters, plasticizers, silicones, and specialty amines; ingredients for cleaners, detergents, and disinfectant products; and base stocks, performance-enhancing additives for lubricants and metalworking fluids.

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

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