Stifel Financial Corp Acquires New Holdings in Venator Materials PLC (VNTR)
Stifel Financial Corp acquired a new position in Venator Materials PLC (NYSE:VNTR) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 119,287 shares of the company’s stock, valued at approximately $2,694,000. Stifel Financial Corp owned 0.11% of Venator Materials at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in VNTR. Jennison Associates LLC purchased a new position in shares of Venator Materials in the 3rd quarter worth about $47,734,000. Macquarie Group Ltd. purchased a new position in shares of Venator Materials in the 3rd quarter worth about $40,841,000. Victory Capital Management Inc. purchased a new position in shares of Venator Materials in the 3rd quarter worth about $33,036,000. Citadel Advisors LLC purchased a new stake in shares of Venator Materials during the 3rd quarter valued at about $24,288,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Venator Materials during the 3rd quarter valued at about $15,580,000. Institutional investors own 23.20% of the company’s stock.
Several brokerages recently commented on VNTR. J P Morgan Chase & Co began coverage on Venator Materials in a report on Monday, August 28th. They set an “overweight” rating and a $23.00 target price on the stock. Goldman Sachs Group downgraded Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Wednesday, December 6th. Royal Bank of Canada began coverage on Venator Materials in a report on Monday, August 28th. They set an “outperform” rating and a $23.00 target price on the stock. Nomura began coverage on Venator Materials in a report on Monday, August 28th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Citigroup raised their target price on Venator Materials from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Venator Materials presently has a consensus rating of “Buy” and a consensus target price of $27.47.
Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $568.31 million. The business’s revenue was up 9.4% on a year-over-year basis. sell-side analysts predict that Venator Materials PLC will post 2.05 earnings per share for the current year.
In other Venator Materials news, major shareholder Corp Huntsman sold 21,764,800 shares of Venator Materials stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total transaction of $471,425,568.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
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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