Citadel Advisors LLC acquired a new stake in Nexeo Solutions (NASDAQ:NXEO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,007 shares of the basic materials company’s stock, valued at approximately $117,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Nexeo Solutions by 41.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 150,756 shares of the basic materials company’s stock valued at $1,252,000 after purchasing an additional 44,316 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new stake in shares of Nexeo Solutions in the second quarter valued at approximately $555,000. Teachers Advisors LLC acquired a new stake in shares of Nexeo Solutions in the second quarter valued at approximately $392,000. Reinhart Partners Inc. raised its holdings in shares of Nexeo Solutions by 20.8% in the third quarter. Reinhart Partners Inc. now owns 464,990 shares of the basic materials company’s stock valued at $3,394,000 after purchasing an additional 80,200 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Nexeo Solutions by 4.2% in the second quarter. Vanguard Group Inc. now owns 1,814,769 shares of the basic materials company’s stock valued at $15,063,000 after purchasing an additional 73,726 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.
A number of analysts have recently issued reports on NXEO shares. SunTrust Banks reiterated a “buy” rating and issued a $11.00 price objective on shares of Nexeo Solutions in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Jefferies Group reiterated a “hold” rating and issued a $8.50 price objective on shares of Nexeo Solutions in a report on Thursday, October 19th. Finally, ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Nexeo Solutions presently has an average rating of “Hold” and an average target price of $9.33.
Nexeo Solutions (NXEO) opened at $8.78 on Monday. The firm has a market cap of $787.93 and a price-to-earnings ratio of 19.09. Nexeo Solutions has a fifty-two week low of $6.74 and a fifty-two week high of $9.94. The company has a current ratio of 1.94, a quick ratio of 1.32 and a debt-to-equity ratio of 60.15.
Nexeo Solutions (NASDAQ:NXEO) last issued its earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The business had revenue of $981.70 million for the quarter, compared to the consensus estimate of $881.70 million. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. analysts anticipate that Nexeo Solutions will post 0.58 EPS for the current year.
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Nexeo Solutions Profile
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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