Zacks Investment Research upgraded shares of Nexeo Solutions (NASDAQ:NXEO) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Nexeo Solutions, Inc. distributes chemicals and plastics products. The company’s line of business consists of Chemicals, Plastics and Environmental Services. It operates primarily in North America, Europe, the Middle East and Africa and Asia. Nexeo Solutions, Inc. is based in The Woodlands, Texas. “

Several other equities analysts also recently weighed in on NXEO. Jefferies Group LLC restated a hold rating and set a $8.50 price target (down from $9.50) on shares of Nexeo Solutions in a report on Thursday, August 10th. Credit Suisse Group reduced their price target on Nexeo Solutions from $10.00 to $8.50 and set a neutral rating for the company in a report on Friday, August 11th. Finally, ValuEngine upgraded Nexeo Solutions from a hold rating to a buy rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $9.00.

ILLEGAL ACTIVITY WARNING: “Nexeo Solutions (NXEO) Upgraded by Zacks Investment Research to “Hold”” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/11/02/nexeo-solutions-nxeo-upgraded-by-zacks-investment-research-to-hold.html.

In other news, major shareholder Select Maple Fund L.P. Fpa bought 251,310 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were acquired at an average cost of $7.00 per share, with a total value of $1,759,170.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Select Fund Ii L.P. Fpa bought 43,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $7.09 per share, for a total transaction of $304,870.00. The disclosure for this purchase can be found here. Insiders purchased a total of 807,700 shares of company stock valued at $5,802,958 over the last quarter. 0.07% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Nexeo Solutions by 32.3% in the second quarter. Bank of New York Mellon Corp now owns 319,972 shares of the basic materials company’s stock worth $2,656,000 after purchasing an additional 78,087 shares during the last quarter. Steinberg Global Asset Management boosted its position in Nexeo Solutions by 3.7% in the second quarter. Steinberg Global Asset Management now owns 27,699 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 1,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in 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 worth $1,252,000 after purchasing an additional 44,316 shares during the last quarter. Reinhart Partners Inc. boosted its position in Nexeo Solutions by 20.8% in 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 during the last quarter. Finally, Spark Investment Management LLC purchased a new position in Nexeo Solutions in the second quarter worth about $329,000. 94.20% of the stock is currently owned by institutional investors and hedge funds.

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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