Venator Materials PLC (NYSE:VNTR) Director Kathy Dawn Patrick acquired 20,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average cost of $6.76 per share, with a total value of $135,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
VNTR stock traded up $0.21 during trading on Thursday, reaching $6.97. The company had a trading volume of 3,301,329 shares, compared to its average volume of 917,704. Venator Materials PLC has a 52 week low of $6.27 and a 52 week high of $25.11. The company has a market cap of $688.41 million, a P/E ratio of 4.01, a PEG ratio of 0.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.32 and a quick ratio of 1.49.
Venator Materials (NYSE:VNTR) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). Venator Materials had a positive return on equity of 22.93% and a negative net margin of 1.13%. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $577.99 million. During the same period in the previous year, the company earned $0.70 earnings per share. Venator Materials’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities research analysts expect that Venator Materials PLC will post 2.33 earnings per share for the current fiscal year.
VNTR has been the subject of several recent analyst reports. Nomura lowered their price objective on shares of Venator Materials from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, September 13th. UBS Group downgraded shares of Venator Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. BMO Capital Markets lowered their price objective on shares of Venator Materials from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, September 26th. Royal Bank of Canada downgraded shares of Venator Materials from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 13th. Finally, Bank of America downgraded shares of Venator Materials from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $12.00 in a research note on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.27.
A number of hedge funds have recently added to or reduced their stakes in VNTR. Putnam Investments LLC purchased a new stake in Venator Materials in the second quarter worth about $1,904,000. Luminus Management LLC grew its holdings in Venator Materials by 34.4% in the second quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock worth $69,168,000 after purchasing an additional 1,082,835 shares during the period. GSA Capital Partners LLP grew its holdings in Venator Materials by 145.0% in the second quarter. GSA Capital Partners LLP now owns 37,053 shares of the company’s stock worth $606,000 after purchasing an additional 21,932 shares during the period. Macquarie Group Ltd. grew its holdings in Venator Materials by 34.5% in the second quarter. Macquarie Group Ltd. now owns 2,853,980 shares of the company’s stock worth $46,691,000 after purchasing an additional 731,519 shares during the period. Finally, BlackRock Inc. grew its holdings in Venator Materials by 8.4% in the first quarter. BlackRock Inc. now owns 1,139,941 shares of the company’s stock worth $20,621,000 after purchasing an additional 88,182 shares during the period. 39.69% of the stock is owned by institutional investors.
About Venator Materials
Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.
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