Jennison Associates LLC purchased a new position in shares of Venator Materials PLC (NYSE:VNTR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,112,104 shares of the company’s stock, valued at approximately $47,734,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Trust Advisors LP purchased a new stake in Venator Materials PLC in the 3rd quarter valued at $1,863,000. Victory Capital Management Inc. purchased a new stake in Venator Materials PLC in the 3rd quarter valued at $33,036,000. Finally, State of Wisconsin Investment Board purchased a new stake in Venator Materials PLC in the 3rd quarter valued at $4,023,000. Hedge funds and other institutional investors own 3.99% of the company’s stock.
Shares of Venator Materials PLC (NYSE:VNTR) opened at $22.88 on Wednesday. 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 PLC has a 12-month low of $17.85 and a 12-month high of $26.90.
Venator Materials PLC (NYSE:VNTR) last posted its quarterly earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. The company had revenue of $582.00 million during the quarter, compared to analyst estimates of $568.31 million. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. analysts anticipate that Venator Materials PLC will post 2.04 EPS for the current year.
Several analysts have issued reports on VNTR shares. Nomura upped their target price on Venator Materials PLC from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Citigroup Inc. started coverage on Venator Materials PLC in a report on Tuesday, August 29th. They issued a “buy” rating and a $24.00 target price for the company. Bank of America Corporation reiterated a “buy” rating and set a $23.00 price target on shares of Venator Materials PLC in a report on Monday, August 28th. Deutsche Bank AG reiterated a “buy” rating and set a $24.00 price target on shares of Venator Materials PLC in a report on Monday, August 28th. Finally, Instinet began coverage on Venator Materials PLC in a report on Monday, August 28th. They set a “buy” rating and a $24.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.00.
About Venator Materials PLC
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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