Sunday, June 26, 2022

Buying Buzz: Univar Solutions Inc. [UNVR] Director Pappas Christopher D acquired 2,000 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Univar Solutions Inc. shares valued at $57,360 were purchased by Pappas Christopher D on Jun 14. At $28.68 per share, Pappas Christopher D acquired 2,000 shares. The insider’s holdings grew to 157,502 shares worth approximately $4.12 million following the completion of this transaction.

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Also, Jukes David sold 47,031 shares, netting a total of over 1,504,992 in proceeds. Following the sale of shares at $32.00 each, the insider now holds 249,381 shares.

Before that, Jukes David had sold 50,000 shares from its account. In a trade valued at $1,600,000, the President, CEO traded Univar Solutions Inc. shares for $32.00 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $6.52 million.

As published in a research note from Wells Fargo on May 25, 2022, Univar Solutions Inc. [UNVR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $36 from $30. This represents a 27.42% premium over Wednesday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of September 21, 2021, UBS has initiated its “Buy” rating for UNVR. Earlier on August 25, 2021, Berenberg upgraded its rating. Their new recommendation was “a Buy” for UNVR stock which previously was a “a Hold”.

Analyzing UNVR’s Price Performance

On Wednesday, Univar Solutions Inc. [NYSE: UNVR] plunged -1.06% to $26.13. The stock’s lowest price that day was $25.58, but it reached a high of $26.425 in the same session. During the last five days, there has been a drop of approximately -11.33%. Over the course of the year, Univar Solutions Inc. shares have dropped approximately -7.83%. Shares of the company reached a 52-week high of $34.00 on 03/22/22 and a 52-week low of $25.58 on 06/22/22. A 50-day SMA is recorded $29.72, while a 200-day SMA reached $28.22. Nevertheless, trading volume fell to 2.7 million shares from 2.62 million shares the previous day.

Support And Resistance Levels for Univar Solutions Inc. (UNVR)

According to the 24-hour chart, there is a support level at 25.66, which, if violated, would cause prices to drop to 25.20. In the upper region, resistance lies at 26.51. The next price resistance is at 26.89. RSI (Relative Strength Index) is 33.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.33, which suggests the price will decrease in the coming days. Percent R is at 92.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Univar Solutions Inc. subject to short interest?

Stocks of Univar Solutions Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.13 million shares to 3.19 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 3.32 million shares. A decline of -4.08% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.73 of the overall float, the days-to-cover ratio (short ratio) decline to 2.73.

Which companies own the most shares of Univar Solutions Inc. (UNVR)?

According to Fidelity Management & Research Co filings, the company currently owns 16,610,643 shares, which is about 9.82% of the total UNVR shares outstanding. The investor’s shares have appreciated by 3,472,057 from its previous 13-F filing of 13138586.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $476,724,849. BlackRock Fund Advisors acquire a 1.36% interest valued at $397.92 million while Edgepoint Investment Group, Inc. sold a -1,817,818 stake. A total of 140,049 shares of Univar Solutions Inc. were sold by Lyrical Asset Management LP during the quarter, and 1,733,935 were bought by Invesco Advisers, Inc. In its current portfolio, Dimensional Fund Advisors LP holds 4,564,988 shares valued at $140.24 million.

In terms of Univar Solutions Inc. share price expectations, FactSet research, analysts set an average price target of $37.50 in the next 12 months, up nearly 40.1% from the previous closing price of $26.41. Analysts anticipate Univar Solutions Inc. stock to reach $42.00 by 2022, with the lowest price target being $33.00. In spite of this, 10 analysts ranked Univar Solutions Inc. stock as a Buy at the end of 2022. On May 11, 2021, Goldman assigned a price target of “a Buy” to the stock and upgraded coverage with a $31.

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