Univar Solutions (NYSE:UNVR) Raised to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Univar Solutions (NYSE:UNVRGet Rating) from an equal weight rating to an overweight rating in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has $36.00 target price on the basic materials company’s stock, up from their previous target price of $30.00.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Univar Solutions from $32.00 to $35.00 and gave the company a buy rating in a report on Monday, February 28th. Zacks Investment Research lowered Univar Solutions from a buy rating to a hold rating and set a $31.00 target price on the stock. in a report on Monday, May 2nd. StockNews.com lowered Univar Solutions from a strong-buy rating to a buy rating in a report on Thursday, May 12th. Finally, Bank of America raised Univar Solutions from an underperform rating to a buy rating and upped their target price for the company from $32.00 to $41.00 in a report on Tuesday, March 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $35.83.

Shares of UNVR stock opened at $31.19 on Wednesday. The business’s fifty day moving average price is $30.46 and its 200 day moving average price is $29.12. Univar Solutions has a 1-year low of $21.56 and a 1-year high of $34.00. The firm has a market capitalization of $5.28 billion, a PE ratio of 9.28, a P/E/G ratio of 0.55 and a beta of 1.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.95 and a quick ratio of 1.31.

Univar Solutions (NYSE:UNVRGet Rating) last announced its quarterly earnings data on Monday, May 9th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.30. Univar Solutions had a return on equity of 21.64% and a net margin of 5.60%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. Univar Solutions’s quarterly revenue was up 33.7% on a year-over-year basis. Equities research analysts expect that Univar Solutions will post 3.26 earnings per share for the current fiscal year.

In other Univar Solutions news, Director Christopher D. Pappas bought 2,000 shares of Univar Solutions stock in a transaction that occurred on Thursday, April 14th. The shares were purchased at an average cost of $31.08 per share, for a total transaction of $62,160.00. Following the completion of the transaction, the director now owns 145,088 shares of the company’s stock, valued at approximately $4,509,335.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher D. Pappas bought 3,000 shares of Univar Solutions stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of $30.97 per share, for a total transaction of $92,910.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 10,000 shares of company stock worth $291,320 and sold 125,000 shares worth $3,976,500. 0.92% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Univar Solutions by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,732,208 shares of the basic materials company’s stock worth $505,633,000 after buying an additional 230,879 shares during the period. BlackRock Inc. raised its holdings in shares of Univar Solutions by 2.3% in the 1st quarter. BlackRock Inc. now owns 14,530,685 shares of the basic materials company’s stock worth $467,016,000 after purchasing an additional 325,099 shares during the period. Invesco Ltd. raised its holdings in shares of Univar Solutions by 46.1% in the 1st quarter. Invesco Ltd. now owns 6,636,109 shares of the basic materials company’s stock worth $213,284,000 after purchasing an additional 2,092,395 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Univar Solutions by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,761,167 shares of the basic materials company’s stock worth $163,329,000 after purchasing an additional 32,046 shares during the period. Finally, Lyrical Asset Management LP raised its holdings in shares of Univar Solutions by 2.6% in the 1st quarter. Lyrical Asset Management LP now owns 5,478,474 shares of the basic materials company’s stock worth $176,078,000 after purchasing an additional 140,049 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.

Univar Solutions Company Profile (Get Rating)

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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Analyst Recommendations for Univar Solutions (NYSE:UNVR)

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