Maryland State Retirement & Pension System Invests in Univar Solutions Inc: Growing Interest Among Investors
On April 4th, 2023, the financial market was abuzz with news of Maryland State Retirement & Pension System’s acquisition of a new stake in Univar Solutions Inc. (NYSE:UNVR). The recent disclosure with the SEC revealed that the firm had purchased 12,695 shares of the basic materials company’s stock valued at approximately $404,000 during the fourth quarter. This new development brought into sharp focus the growing interest of investors in Univar Solutions Inc., as other hedge funds were also reported to be holding UNVR.
Univar Solutions Inc. is a renowned manufacturer of basic materials such as chemicals and plastics. Its stock opened at $34.96 on Tuesday and has a market cap of $5.51 billion, while its P/E ratio stands at 10.79 and its PEG ratio is 1.40 with a beta of 1.70. Although the firm has a debt-to-equity ratio of 0.97, it maintained strong current and quick ratios of 1.99 and 1.29 respectively.
The last one year has witnessed fluctuating market performance for Univa Solutions as it recorded both highs and lows within that period; it had a year low of $21.49 and a year high of $35.61 . However, many investors are banking on its increasing growth prospects despite these fluctuations.
In light of these events, analysts have predicted an increase in investor confidence for Univar Solutions Inc., thus impacting positively on its future net income earnings and overall bottom line performance.
While this makes an exciting prospect for prospective buyers, caution is advised since investing always comes with inherent risks no matter how glowing some indicators may appear.
In conclusion, Maryland State Retirement & Pension System’s recent investment in Univar Solutions suggests that there are growing interests among investors regarding this company’s prospects ; this ought to move this firm steadily up the ladder in terms of profitability and key performance indices. Investors must, however, do their due diligence before making any investment decision based on analysis and in-depth research.
For those seeking more insights on this issue, it is recommended to visit HoldingsChannel.com for the latest 13F filings and insider trades of Univar Solutions Inc. (NYSE:UNVR).
Institutional Investors Make Moves in Univar Solutions Inc as Company Sees Challenges Amid COVID-19
Univar Solutions, Inc. is a chemical and ingredients distributor that has recently seen changes in the positions of various institutional investors and hedge funds. Significant changes include Massachusetts Financial Services Co. MA boosting its holdings in shares by 12.8% to 2,772,231 shares worth $63,041,000. Jane Street Group LLC also boosted its holding by 23,010.3% to owning 5,139,969 shares worth $127,831,000. Hedge funds and other institutional investors own an impressive 95.94% of the company’s stock. Analyst reports have pointed towards a consensus rating of “Hold” with an average price target of $36 per share.
Univar Solutions operates on a global basis through four segments: USA, Canada, Europe and the Middle East and Africa (EMEA), and Latin America with over $2 billion in revenue reported during Q1 2023 but missed EPS estimates at $0.47 instead of expected EPS of $0.56 due to economic challenges such as supply chain disruptions caused by COVID-19 amongst others.
The business was founded back in August 1924 by George van Waters along with Nat Rogers and it is headquartered in Downers Grove, Illinois. Those interested in obtaining more information can visit HoldingsChannel.com for the latest filings or insider trades concerning Univar Solutions Inc (NYSE:UNVR).
