Zimmer Partners LP trimmed its stake in Nexeo Solutions Inc (NASDAQ:NXEO) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,045,000 shares of the basic materials company’s stock after selling 713,231 shares during the quarter. Zimmer Partners LP owned about 2.28% of Nexeo Solutions worth $18,610,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Wittenberg Investment Management Inc. grew its holdings in Nexeo Solutions by 4.1% in the fourth quarter. Wittenberg Investment Management Inc. now owns 153,750 shares of the basic materials company’s stock worth $1,399,000 after purchasing an additional 6,110 shares during the period. Teachers Advisors LLC grew its holdings in Nexeo Solutions by 17.5% in the fourth quarter. Teachers Advisors LLC now owns 55,537 shares of the basic materials company’s stock worth $505,000 after purchasing an additional 8,276 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Nexeo Solutions by 7.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 161,949 shares of the basic materials company’s stock worth $1,183,000 after purchasing an additional 11,193 shares during the period. Voya Investment Management LLC acquired a new stake in Nexeo Solutions in the second quarter worth $106,000. Finally, Nationwide Fund Advisors acquired a new stake in Nexeo Solutions in the second quarter worth $121,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
A number of research firms have commented on NXEO. Deutsche Bank began coverage on shares of Nexeo Solutions in a report on Wednesday, March 7th. They issued a “hold” rating for the company. ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Nexeo Solutions presently has a consensus rating of “Hold” and a consensus target price of $9.33.
Nexeo Solutions (NASDAQ:NXEO) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. Nexeo Solutions had a net margin of 1.30% and a return on equity of 22.12%. The firm had revenue of $929.60 million for the quarter, compared to analyst estimates of $886.00 million. equities research analysts anticipate that Nexeo Solutions Inc will post 0.82 EPS for the current fiscal year.
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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.
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