Why Should You Put Venator Materials PLC (NYSE: VNTR) On Your Portfolio?


    Capital Research & Management Co.. recently announced the acquisition of new stake in Venator Materials PLC (NYSE:VNTR). The institutional investor has increased its shareholding in the Basic Materials company by 181.15% to 4.45 million shares with purchase of 2.87 million shares. This fresh investment now brings its stake to 4.17% valued currently at $7.7 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 0.43 million to 4.22 million shares. And Schneider Capital Management Corp.. has lifted its position by 3.41% or 0.13 million shares – to 3.89 million shares.

    With over 2.85 million Venator Materials PLC (VNTR) shares trading Monday and a closing price of $2.15 on the day, the dollar volume was approximately $6.14 million. The shares have shown a positive weekly performance of 7.50% and its price on 08/31/20 gained nearly 8.04%. Currently, there are 106.70M common shares owned by the public and among those 54.05M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for VNTR have a consensus price objective of $2.38. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $1.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Venator Materials PLC stock is 2.80 for the next 12 months. The average price target is 6.52% above its last price level and an upside to the estimated low will see the stock lose -43.33% over that period. But an upside of 57.0% will see the stock hit the forecast high price target while mean target price for the stock is $2.00.

    Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 224,921 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 93,714 shares.

    The top 3 mutual fund holders in Venator Materials PLC are American Funds Small Cap World Fu, Government Pension Fund – Global, and Vanguard Extended Market Index Fu. American Funds Small Cap World Fu owns 4.45 million shares of the company’s stock, all valued at over $7.7 million. The company bought an additional 2.87 million shares recently to bring their total holdings to about 4.17% of the shares outstanding. Government Pension Fund – Global bought 1.12 million shares to see its total holdings expand to 2.55 million shares valued at over $4.4 million and representing 2.38% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.68% of the shares outstanding.

    Shares of Venator Materials PLC (NYSE: VNTR) opened at $2.30, up $0.31 from a prior closing price of $1.99. However, the script later closed the day at $2.15, up 8.04%. The company’s stock has a 5-day price change of 7.50% and 40.52% over the past three months. VNTR shares are trading -43.86% year to date (YTD), with the 12-month market performance down to -3.59% lower. It has a 12-month low price of $1.12 and touched a high of $4.31 over the same period. Currently, 2.85 million shares have been traded, compared to an average intraday trading volume of 327.82K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.50%, 16.15%, and -9.51% respectively.

    Institutional ownership of Venator Materials PLC (NYSE: VNTR) shares accounts for 38.50% of the company’s 106.70M shares outstanding. Mutual fund holders own 28.12%, while other institutional holders and individual stakeholders account for 49.27% and 10.52% respectively.

    It has a market capitalization of $211.00M. The earnings-per-share (ttm) stands at -$1.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.07% over the week and 8.89% over the month.

    Analysts forecast that Venator Materials PLC (VNTR) will achieve an EPS of -$0.08 for the current quarter, -$0.11 for the next quarter and $0.21 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.30%, and 333.30% over the next financial year. EPS should grow at an annualized rate of 25.01% over the next five years, compared to -1.30% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Venator Materials PLC (VNTR) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 9 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the VNTR, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on April 21, 2020, with the firm’s price target at. Goldman coverage for the Venator Materials PLC (VNTR) stock in a research note released on March 30, 2020 offered a Neutral rating with a price target of $2. Jefferies was of a view on March 23, 2020 that the stock is Hold, while BofA/Merrill gave the stock Underperform rating on March 13, 2020, issuing a price target of. UBS on their part issued Neutral rating on November 22, 2019.


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