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. The company also distributes specialty and basic chemicals, and ingredients used in skin and hair care products; 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, as well as provides excipients, solvents, reactants, active pharmaceutical ingredients, and intermediates to pharmaceutical ingredient producers. In addition, it offers chemical products for use at various stages of production, from sap stain prevention to pulp and paper manufacturing; and chemistries and products used to sanitize, balance, and supplement municipal and industrial water. Further, the company provides chemicals to midstream pipeline and downstream refinery operators, as well as chemicals and services to upstream oil and gas sector for offshore production, oil extraction, and waste management activities. Additionally, it offers transportation and warehousing services, chemicals and hazardous materials handling, waste management services, inventory management, and blending, mixing, and repackaging services. Univar Solutions Inc. distributes its products through warehouse and direct-to-consumer delivery channels. The company was formerly known as Univar Inc. and changed its name to Univar Solutions Inc. in September 2019. Univar Solutions Inc. was founded in 1924 and is headquartered in Downers Grove, Illinois.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on UNVR. Bank of America reduced their price target on Univar Solutions from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, July 13th. StockNews.com lowered Univar Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 12th. Wells Fargo & Company upgraded Univar Solutions from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $30.00 to $36.00 in a report on Wednesday, May 25th. Finally, Berenberg Bank upped their price objective on Univar Solutions from $37.50 to $40.00 in a report on Thursday, May 26th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $35.40.
Univar Solutions Stock Up 0.7 %
Shares of Univar Solutions stock opened at $27.00 on Tuesday. The stock's fifty day moving average is $26.15 and its 200-day moving average is $28.76. The firm has a market capitalization of $4.50 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.55 and a beta of 1.69. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 0.96. Univar Solutions has a 12-month low of $21.56 and a 12-month high of $34.00.
Univar Solutions (NYSE:UNVR - Get Rating) last announced its earnings results on Monday, August 1st. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. Univar Solutions had a return on equity of 23.57% and a net margin of 5.37%. Univar Solutions's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. Equities analysts anticipate that Univar Solutions will post 3.39 earnings per share for the current year.
Insider Transactions at Univar Solutions
In related news, Director Christopher D. Pappas bought 3,414 shares of the business's stock in a transaction dated Wednesday, June 1st. The shares were bought at an average cost of $30.96 per share, with a total value of $105,697.44. Following the completion of the transaction, the director now directly owns 155,502 shares of the company's stock, valued at $4,814,341.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Univar Solutions news, Director Christopher D. Pappas purchased 3,414 shares of the company's stock in a transaction that occurred on Wednesday, June 1st. The shares were purchased at an average cost of $30.96 per share, with a total value of $105,697.44. Following the completion of the transaction, the director now owns 155,502 shares of the company's stock, valued at $4,814,341.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nicholas W. Alexos purchased 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average cost of $26.19 per share, for a total transaction of $654,750.00. Following the completion of the transaction, the chief financial officer now directly owns 375,000 shares of the company's stock, valued at approximately $9,821,250. The disclosure for this purchase can be found here. Insiders have purchased 34,414 shares of company stock valued at $920,527 over the last three months. Company insiders own 1.68% of the company's stock.
