State of Wisconsin Investment Board purchased a new position in shares of Venator Materials PLC (NYSE:VNTR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 178,000 shares of the company’s stock, valued at approximately $4,023,000. State of Wisconsin Investment Board owned approximately 0.17% of Venator Materials as of its most recent SEC filing.
Separately, First Trust Advisors LP bought a new stake in Venator Materials during the 3rd quarter worth about $1,863,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.
In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Venator Materials PLC (NYSE VNTR) traded up $0.29 during trading on Thursday, hitting $20.87. 2,040,650 shares of the stock were exchanged, compared to its average volume of 957,419. Venator Materials PLC has a 12 month low of $17.85 and a 12 month high of $26.90. The company has a quick ratio of 1.25, a current ratio of 2.03 and a debt-to-equity ratio of 0.74.
Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million during the quarter, compared to the consensus estimate of $568.31 million. Venator Materials’s revenue for the quarter was up 9.4% on a year-over-year basis. research analysts forecast that Venator Materials PLC will post 2.04 earnings per share for the current year.
VNTR has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Venator Materials in a research report on Monday, August 28th. They set a “buy” rating and a $25.00 price target on the stock. J P Morgan Chase & Co initiated coverage on shares of Venator Materials in a research note on Monday, August 28th. They set an “overweight” rating and a $23.00 price objective on the stock. Barclays initiated coverage on shares of Venator Materials in a research note on Monday, August 28th. They set an “equal weight” rating and a $22.00 price objective on the stock. Royal Bank Of Canada assumed coverage on shares of Venator Materials in a research note on Monday, August 28th. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, UBS assumed coverage on shares of Venator Materials in a research note on Monday, August 28th. They issued a “neutral” rating and a $22.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $27.47.
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About Venator Materials
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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