Venator Materials (VNTR) Shares Down 5.6% on Insider Selling

Shares of Venator Materials PLC (NYSE:VNTR) dropped 5.6% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $20.10 and last traded at $20.58. Approximately 3,668,580 shares traded hands during mid-day trading, an increase of 288% from the average daily volume of 944,970 shares. The stock had previously closed at $21.81.

Specifically, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Several equities analysts have recently commented on VNTR shares. Goldman Sachs Group started coverage on Venator Materials in a report on Monday, August 28th. They set a “buy” rating and a $25.00 target price for the company. J P Morgan Chase & Co started coverage on Venator Materials in a research report on Monday, August 28th. They set an “overweight” rating and a $23.00 price objective for the company. Barclays started coverage on Venator Materials in a research report on Monday, August 28th. They set an “equal weight” rating and a $22.00 price objective for the company. Royal Bank Of Canada started coverage on Venator Materials in a research report on Monday, August 28th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, UBS started coverage on Venator Materials in a research report on Monday, August 28th. They set a “neutral” rating and a $22.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Venator Materials presently has a consensus rating of “Buy” and a consensus target price of $27.33.

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03.

Venator Materials (NYSE:VNTR) last released its earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.25. The firm had revenue of $582.00 million during the quarter, compared to analyst estimates of $568.31 million. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. sell-side analysts anticipate that Venator Materials PLC will post 2.04 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Venator Materials during the 3rd quarter valued at $103,000. Jane Street Group LLC acquired a new stake in shares of Venator Materials during the 3rd quarter valued at $255,000. Bank of New York Mellon Corp acquired a new stake in shares of Venator Materials during the 3rd quarter valued at $297,000. Russell Investments Group Ltd. acquired a new stake in shares of Venator Materials during the 3rd quarter valued at $505,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Venator Materials during the 3rd quarter valued at $512,000. Institutional investors own 23.20% of the company’s stock.

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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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