Fidelity Management & Research Co recently announced the acquisition of new stake in Univar Solutions Inc. (NYSE:UNVR). The institutional investor has increased its shareholding in the Basic Materials company by 4.40% to 13.28 million shares with purchase of 0.56 million shares. This fresh investment now brings its stake to 8.40% valued currently at $471.4 million. In addition, BlackRock Fund Advisors raised its holdings by 29046.0 to 13.18 million shares. And Dimensional Fund Advisors LP has lifted its position by 3.67% or 0.19 million shares – to 5.28 million shares.
With over 2.77 million Univar Solutions Inc. (UNVR) shares trading Friday and a closing price of $35.57 on the day, the dollar volume was approximately $98.47 million. The shares have shown a positive half year performance of 23.42% and its price on 05/19/23 gained nearly 0.57%. Currently, there are 157.90M common shares owned by the public and among those 156.18M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for UNVR have a consensus price objective of $36.86. The analysts have set the share’s price value over the next 12 months at a high of $40.00 and a low of $36.00. The average price target is 4.92% above its recent price level and an upside to the estimated low will see the stock gain 1.19% over that period. But an upside of 11.07% will see the stock hit the forecast high price target while median target price for the stock is $36.15.
Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 754,577 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 371,629 shares.
The top 3 mutual fund holders in Univar Solutions Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and EdgePoint Global Portfolio. iShares Core S&P Mid Cap ETF owns 5.09 million shares of the company’s stock, all valued at over $180.75 million. The company bought an additional 18188.0 shares recently to bring their total holdings to about 3.22% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.14 million shares to see its total holdings shrink to 4.9 million shares valued at over $173.78 million and representing 3.10% of the shares outstanding. EdgePoint Global Portfolio sold -2.63 million shares to bring its total holdings to over 4.86 million shares at a value of $172.49 million. EdgePoint Global Portfolio now owns shares totaling to 3.07% of the shares outstanding.
Shares of Univar Solutions Inc. (NYSE: UNVR) opened at $35.54, up $0.17 from a prior closing price of $35.37. However, the script later moved the day high at 35.58, up 0.57%. The company’s stock has a 5-day price change of 0.31% and 2.54% over the past three months. UNVR shares are trading 11.86% year to date (YTD), with the 12-month market performance up to 25.51% higher. It has a 12-month low price of $21.49 and touched a high of $35.63 over the same period. UNVR has an average intraday trading volume of 3.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.39%, 1.69%, and 15.95% respectively.
Institutional ownership of Univar Solutions Inc. (NYSE: UNVR) shares accounts for 99.90% of the company’s 157.90M shares outstanding. Mutual fund holders own 54.96%, while other institutional holders and individual stakeholders account for 58.85% and 31.85% respectively.
It has a market capitalization of $5.58B and a beta (3y monthly) value of 1.70. The stock’s trailing 12-month PE ratio is 13.16, while the earnings-per-share (ttm) stands at $2.70. The company has a PEG of 3.87 and a Quick Ratio of 1.40 with the debt-to-equity ratio at 0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.23% over the week and 0.29% over the month.
Analysts forecast that Univar Solutions Inc. (UNVR) will achieve an EPS of $0.73 for the current quarter, $0.87 for the next quarter and $3.31 for 2024. The lowest estimate earnings-per-share for the quarter is $0.7 while analysts give the company a high EPS estimate of $0.78. Comparatively, EPS for the current quarter was $1 a year ago. Earnings per share for the fiscal year are expected to increase by 21.20%, and 14.55% over the next financial year. EPS should shrink at an annualized rate of 3.41% over the next five years, compared to 18.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Univar Solutions Inc. (UNVR) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
