97,000 Shares in Venator Materials PLC (VNTR) Purchased by Barings LLC
Barings LLC purchased a new stake in shares of Venator Materials PLC (NYSE:VNTR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 97,000 shares of the company’s stock, valued at approximately $2,192,000. Barings LLC owned approximately 0.09% of Venator Materials at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in Venator Materials during the 3rd quarter worth approximately $297,000. Russell Investments Group Ltd. bought a new stake in Venator Materials during the 3rd quarter worth approximately $505,000. First Trust Advisors LP bought a new stake in Venator Materials during the 3rd quarter worth approximately $1,863,000. Sei Investments Co. bought a new stake in Venator Materials during the 3rd quarter worth approximately $2,854,000. Finally, State of Wisconsin Investment Board bought a new stake in Venator Materials during the 3rd quarter worth approximately $4,023,000. Institutional investors own 23.20% of the company’s stock.
A number of research firms recently weighed in on VNTR. Alembic Global Advisors reaffirmed a “buy” rating and set a $32.00 target price on shares of Venator Materials in a report on Monday, November 20th. Zacks Investment Research lowered shares of Venator Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. Jefferies Group increased their price target on shares of Venator Materials from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Bank of America increased their price target on shares of Venator Materials from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Citigroup increased their price target on shares of Venator Materials from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Venator Materials has an average rating of “Buy” and an average price target of $27.33.
Shares of Venator Materials PLC (NYSE VNTR) traded up $0.14 during trading on Friday, hitting $22.14. 3,233,924 shares of the stock were exchanged, compared to its average volume of 1,461,331. Venator Materials PLC has a 12 month low of $17.85 and a 12 month high of $26.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.03 and a quick ratio of 1.25.
Venator Materials (NYSE:VNTR) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $568.31 million. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts forecast that Venator Materials PLC will post 2.04 EPS for the current year.
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Venator Materials Company Profile
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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