Nexeo Solutions (NASDAQ:NXEO) insider Brian Herington bought 50,000 shares of Nexeo Solutions stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of $8.35 per share, with a total value of $417,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nexeo Solutions (NXEO) traded up $0.39 during midday trading on Wednesday, reaching $8.48. 285,500 shares of the company traded hands, compared to its average volume of 150,385. The stock has a market capitalization of $726.01 and a PE ratio of 17.59. Nexeo Solutions has a 52-week low of $6.74 and a 52-week high of $9.94. The company has a quick ratio of 1.32, a current ratio of 1.94 and a debt-to-equity ratio of 60.15.

Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $981.70 million during the quarter, compared to analysts’ expectations of $881.70 million. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. equities research analysts predict that Nexeo Solutions will post 0.58 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its holdings in Nexeo Solutions by 41.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 150,756 shares of the basic materials company’s stock worth $1,252,000 after purchasing an additional 44,316 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new position in Nexeo Solutions during the second quarter worth about $555,000. Teachers Advisors LLC purchased a new position in Nexeo Solutions during the second quarter worth about $392,000. Reinhart Partners Inc. raised its holdings in Nexeo Solutions by 20.8% during the third quarter. Reinhart Partners Inc. now owns 464,990 shares of the basic materials company’s stock worth $3,394,000 after purchasing an additional 80,200 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Nexeo Solutions by 4.2% during the second quarter. Vanguard Group Inc. now owns 1,814,769 shares of the basic materials company’s stock worth $15,063,000 after buying an additional 73,726 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on NXEO shares. SunTrust Banks reaffirmed a “buy” rating and issued a $11.00 target price on shares of Nexeo Solutions in a report on Friday, November 10th. Zacks Investment Research cut shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Jefferies Group reaffirmed a “hold” rating and issued a $8.50 target price on shares of Nexeo Solutions in a report on Thursday, October 19th. Finally, ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.33.

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About Nexeo Solutions

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.

Insider Buying and Selling by Quarter for Nexeo Solutions (NASDAQ:NXEO)

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