Univar Solutions Inc. (NYSE:UNVR) Sees Large Decrease in Short Interest


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Univar Solutions Inc. (NYSE:UNVR) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,940,000 shares, a drop of 25.0% from the March 15th total of 3,920,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 2.8 days. Approximately 1.8% of the company’s shares are sold short.

Separately, Bank of America reiterated an “underperform” rating on shares of Univar Solutions in a research note on Monday, March 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Univar Solutions currently has an average rating of “Hold” and an average target price of $18.75.

Shares of UNVR traded down $0.22 during mid-day trading on Monday, reaching $22.82. The stock had a trading volume of 558,016 shares, compared to its average volume of 1,028,756. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 126.78, a PEG ratio of 14.15 and a beta of 1.98. Univar Solutions has a 12 month low of $11.00 and a 12 month high of $23.38. The business has a fifty day moving average of $21.34 and a 200 day moving average of $19.44. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.36 and a current ratio of 1.90.

Univar Solutions (NYSE:UNVR) last posted its quarterly earnings results on Wednesday, February 24th. The basic materials company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.02 billion. Univar Solutions had a net margin of 0.38% and a return on equity of 12.65%. On average, research analysts forecast that Univar Solutions will post 1.25 EPS for the current fiscal year.

In related news, Director Christopher D. Pappas bought 10,000 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was purchased at an average cost of $20.45 per share, with a total value of $204,500.00. Following the transaction, the director now owns 40,162 shares in the company, valued at approximately $821,312.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of Univar Solutions in the first quarter worth $49,000. Capital Asset Advisory Services LLC purchased a new position in shares of Univar Solutions in the fourth quarter worth $71,000. ProShare Advisors LLC lifted its holdings in shares of Univar Solutions by 16.1% in the fourth quarter. ProShare Advisors LLC now owns 13,961 shares of the basic materials company’s stock worth $265,000 after buying an additional 1,934 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Univar Solutions by 30.1% in the fourth quarter. US Bancorp DE now owns 14,744 shares of the basic materials company’s stock worth $280,000 after buying an additional 3,408 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Univar Solutions in the fourth quarter worth $294,000. 98.58% of the stock is currently owned by hedge funds and other institutional investors.

Univar Solutions Company Profile

Univar Solutions Inc distributes commodity and specialty chemical products, and related services worldwide. It also provides epoxy resins, polyurethanes, titanium dioxide, fumed silica, esters, plasticizers, silicones, and specialty amines; chemicals and service to midstream pipeline and downstream refinery operators; and commodity and specialty products for meat processing, baked goods, dairy, grain mill products, processed foods, carbonated soft drinks, fruit drinks, and alcoholic beverage markets.

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