Notable News to Watch: Univar Solutions Inc. (NYSE:UNVR)

Univar Solutions Inc. (NYSE:UNVR) spotted trading -34.33% off 52-week high price. On the other end, the stock has been noted 25.60% away from the low price over the last 52-weeks. The stock changed 0.79% to recent value of $20.51. The stock transacted 1113119 shares during most recent day however it has an average volume of 1864.67K shares. The company has 167.3M of outstanding shares and 155.49M shares were floated in the market.  

 On Sept. 27, 2019, Univar Solutions Inc. (NYSE:UNVR) a global chemical and ingredient distributor and provider of value-added services, announced David H. Wasserman has tendered his resignation from the Company’s Board of Directors. This follows the recently announced sale of shares of common stock by Clayton, Dubilier & Rice LLC (CD&R), representing the conclusion of a 9-year investment in the Company. Mr. Wasserman has been with CD&R for 21 years.

Having served as a Board director since November 2010, Mr. Wasserman has provided expert perspective and guidance throughout his tenure, especially as the Company emerged from its initial public offering in 2015.

I want to thank David for his many contributions as an esteemed director for our Board, said Stephen D. Newlin, Univar Solutions Executive Chairman. Our Board and I greatly appreciate his leadership and guidance, and we extend our sincere gratitude for his service.

The Board will not replace Mr. Wasserman and instead will reduce its size to 12 directors, effective October 31, 2019.

 Its earnings per share (EPS) expected to touch remained -6.10% for this year while earning per share for the next 5-years is expected to reach at 6.24%. UNVR has a gross margin of 22.50% and an operating margin of 2.10% while its profit margin remained 0.00% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.96% from the mean of 20 days, -0.08% from mean of 50 days SMA and performed -2.89% from mean of 200 days price. Company’s performance for the week was -6.77%, 12.26% for month and YTD performance remained 15.61%.

Wayne Lam writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. Wayne graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. He is currently based in USA, and can be reached at Wayne@technologymalt.com.

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