This trade activity should not be overlooked: Univar Solutions Inc. (UNVR)

Univar Solutions Inc. (NYSE: UNVR) stock fell -1.01% on Friday to $25.45 against a previous-day closing price of $25.71. With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.53 million shares. During the session, the Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $25.80 whereas the lowest price it dropped to was $25.44. The 52-week range on UNVR shows that it touched its highest point at $34.00 and its lowest point at $21.56 during that stretch. It currently has a 1-year price target of $36.11. Beta for the stock currently stands at 1.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UNVR was down-trending over the past week, with a drop of -4.03%, but this was up by 6.71% over a month. Three-month performance dropped to -17.72% while six-month performance fell -8.94%. The stock gained 8.34% in the past year, while it has lost -10.23% so far this year. A look at the trailing 12-month EPS for UNVR yields 3.35 with Next year EPS estimates of 2.91. For the next quarter, that number is 0.91. This implies an EPS growth rate of 762.60% for this year and -9.83% for next year. EPS is expected to grow by 16.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 49.30%.

Float and Shares Shorts:

At present, 169.60 million UNVR shares are outstanding with a float of 165.50 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.45 million, which was 3.81% higher than short shares on Jun 14, 2022. In addition to Mr. David C. Jukes as the firm’s Pres, CEO & Director, Mr. Nicholas William Alexos CPA serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 99.22% of UNVR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 66.23% of UNVR, in contrast to 51.15% held by mutual funds. Shares owned by individuals account for 32.69%. As the largest shareholder in UNVR with 9.82% of the stake, Fidelity Management & Research Co holds 16,610,643 shares worth 16,610,643. A second-largest stockholder of UNVR, The Vanguard Group, Inc., holds 15,518,387 shares, controlling over 9.17% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in UNVR, holding 12,953,135 shares or 7.65% stake. With a 4.43% stake in UNVR, the EdgePoint Global Portfolio is the largest stakeholder. A total of 7,492,584 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.94% of UNVR stock, is the second-largest Mutual Fund holder. It holds 4,982,674 shares valued at 123.92 million. iShares Core S&P Mid Cap ETF holds 2.88% of the stake in UNVR, owning 4,869,589 shares worth 121.11 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UNVR since 9 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With UNVR analysts setting a high price target of $43.00 and a low target of $32.00, the average target price over the next 12 months is $36.11. Based on these targets, UNVR could surge 68.96% to reach the target high and rise by 25.74% to reach the target low. Reaching the average price target will result in a growth of 41.89% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. UNVR will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $3.48 being high and $2.93 being low. For UNVR, this leads to a yearly average estimate of $3.32. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Univar Solutions Inc. surprised analysts by $0.09 when it reported $1.00 EPS against a consensus estimate of $0.91. The surprise factor in the prior quarter was $0.24. Based on analyst estimates, the high estimate for the next quarter is $0.81 and the low estimate is $0.66. The average estimate for the next quarter is thus $0.76.

Summary of Insider Activity:

Insiders traded UNVR stock several times over the past three months with 12 Buys and 3 Sells. In these transactions, 132,776 shares were bought while 100,836 shares were sold. The number of buy transactions has increased to 57 while that of sell transactions has risen to 42 over the past year. The total number of shares bought during that period was 795,581 while 625,699 shares were sold.

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