An Analysis of Univar Solutions Inc. (UNVR)’s Potential Price Growth


Univar Solutions Inc.’s recent filing unveils that its Director NEWLIN STEPHEN D unloaded Company’s shares for reported $0.88 million on Feb 01. In the deal valued at $35.00 per share,25,000 shares were sold. As a result of this transaction, NEWLIN STEPHEN D now holds 134,933 shares worth roughly $ 4.33 million.

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Then, NEWLIN STEPHEN D sold 6,970 shares, generating $225,535 in total proceeds. Upon selling the shares at $32.36, the Director now owns 159,933 shares.

Before that, NEWLIN STEPHEN D sold 50,000 shares. Univar Solutions Inc. shares valued at $1,645,430 were divested by the Director at a price of $32.91 per share. As a result of the transaction, NEWLIN STEPHEN D now holds 159,933 shares, worth roughly $5.13 million.

UBS downgraded its Univar Solutions Inc. [UNVR] rating to a Neutral from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of 13.27 to its Friday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “an Underperform”. Credit Suisse began covering UNVR with “an Outperform” recommendation on October 21, 2022. Goldman started covering the stock on October 13, 2022. It rated UNVR as “a Neutral”.

Price Performance Review of UNVR

On Friday, Univar Solutions Inc. [NYSE:UNVR] saw its stock fall -1.47% to $32.09. On the same session, the stock had its day’s lowest price of $31.85, but rose to a high of $32.49. Over the last five days, the stock has lost -9.45%. Univar Solutions Inc. shares have risen nearly 0.91% since the year began. Nevertheless, the stocks have risen 8.71% over the past one year. While a 52-week high of $35.61 was reached on 02/03/23, a 52-week low of $21.49 was recorded on 01/03/23. SMA at 50 days reached $33.59, while 200 days put it at $28.75. A total of 1.97 million shares were traded, compared to the trading of 0.86 million shares in the previous session.

Levels Of Support And Resistance For UNVR Stock

The 24-hour chart illustrates a support level at 31.80, which if violated will result in even more drops to 31.50. On the upside, there is a resistance level at 32.44. A further resistance level may holdings at 32.78. The Relative Strength Index (RSI) on the 14-day chart is 36.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.57%. Stochastics %K at 17.50% indicates the stock is a buying.

How much short interest is there in Univar Solutions Inc.?

A steep rise in short interest was recorded in Univar Solutions Inc. stocks on Jan 12, 2023, dropping by 90000.0 shares to a total of 7.36 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 7.45 million shares. There was a decline of -1.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.05.

Univar Solutions Inc. [UNVR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 16,108,805 shares, or roughly 9.87% of the outstanding UNVR shares. In other words, the investor’s shares have fallen by -691,291 from its previous 13-F filing of 16800096.0. Additionally, BlackRock Fund Advisors increased 0.96% of its stake after which the total value it holdings stand at $456,976,018, while Fidelity Management & Research Co reduced -2.73% of its stake to hold $442.0 million in the firm. At present, Franklin Mutual Advisers LLC is holding 5,097,468 shares valued at $177.14 million. Dimensional Fund Advisors LP owned 5,094,596 shares of the company at the time of its most recent 13F filing, worth $177.04 million.

According to FactSet, Univar Solutions Inc.’s share price will average $37.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.6 percent from its previous closing price of $32.57. Analysts expect Univar Solutions Inc. stock to reach the higher price of $42.00, while the lowest price estimate is $33.00. However, 9 analysts have rated UNVR stock as an Overweight in their predictions for 2023.


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