Rhumbline Advisers lifted its position in shares of Nexeo Solutions Inc (NASDAQ:NXEO) by 41.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,490 shares of the basic materials company’s stock after purchasing an additional 9,741 shares during the period. Rhumbline Advisers’ holdings in Nexeo Solutions were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NXEO. Vaughan Nelson Investment Management L.P. increased its position in Nexeo Solutions by 19.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,016,300 shares of the basic materials company’s stock valued at $18,408,000 after acquiring an additional 323,750 shares during the period. BlackRock Inc. boosted its holdings in Nexeo Solutions by 1.4% in the 1st quarter. BlackRock Inc. now owns 1,541,424 shares of the basic materials company’s stock valued at $16,492,000 after purchasing an additional 21,412 shares in the last quarter. Millennium Management LLC boosted its holdings in Nexeo Solutions by 24.4% in the 1st quarter. Millennium Management LLC now owns 680,343 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 133,442 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Nexeo Solutions by 94.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 561,291 shares of the basic materials company’s stock valued at $6,006,000 after purchasing an additional 272,489 shares in the last quarter. Finally, Reinhart Partners Inc. boosted its holdings in Nexeo Solutions by 6.7% in the 2nd quarter. Reinhart Partners Inc. now owns 485,410 shares of the basic materials company’s stock valued at $4,432,000 after purchasing an additional 30,620 shares in the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.

NXEO has been the topic of a number of analyst reports. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. SunTrust Banks lowered Nexeo Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Nexeo Solutions has a consensus rating of “Hold” and an average target price of $12.00.

Shares of NXEO opened at $12.42 on Monday. Nexeo Solutions Inc has a twelve month low of $7.11 and a twelve month high of $12.52. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 0.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.41 and a current ratio of 2.15.

Nexeo Solutions (NASDAQ:NXEO) last announced its quarterly earnings results on Monday, August 6th. The basic materials company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $994.50 million. Nexeo Solutions had a return on equity of 8.13% and a net margin of 1.45%. analysts expect that Nexeo Solutions Inc will post 0.72 EPS for the current year.

Nexeo Solutions Company Profile

Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company operates through Chemicals, Plastics, and Environmental Services segments. It provides approximately 22,000 products used in various industries, including household, industrial and institutional, lubricants, architectural coatings, adhesives, sealants, elastomers, automotive, healthcare, personal care, oil and gas, and construction.

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Institutional Ownership by Quarter for Nexeo Solutions (NASDAQ:NXEO)

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