Stock Traders Purchase Large Volume of Call Options on Catalent (CTLT)

Catalent Inc (NYSE:CTLT) was the target of unusually large options trading on Tuesday. Traders bought 2,407 call options on the company. This represents an increase of 1,359% compared to the typical volume of 165 call options.

CTLT has been the subject of a number of research reports. Royal Bank of Canada set a $45.00 price target on Catalent and gave the stock a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research upgraded Catalent from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. First Analysis upgraded Catalent from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $47.00 to $43.00 in a research note on Wednesday, November 7th. ValuEngine upgraded Catalent from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Finally, TheStreet downgraded Catalent from a “b-” rating to a “c+” rating in a research note on Wednesday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Catalent has a consensus rating of “Buy” and a consensus price target of $47.78.

In other news, Director John J. Greisch purchased 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was acquired at an average cost of $37.61 per share, for a total transaction of $488,930.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. First Bank & Trust raised its holdings in Catalent by 13.9% during the fourth quarter. First Bank & Trust now owns 4,600 shares of the company’s stock worth $143,000 after purchasing an additional 563 shares in the last quarter. Strs Ohio raised its holdings in Catalent by 9.9% during the fourth quarter. Strs Ohio now owns 6,598 shares of the company’s stock worth $205,000 after purchasing an additional 593 shares in the last quarter. Diversified Trust Co raised its holdings in Catalent by 9.1% during the third quarter. Diversified Trust Co now owns 11,900 shares of the company’s stock worth $542,000 after purchasing an additional 995 shares in the last quarter. Atria Investments LLC raised its holdings in Catalent by 12.6% during the third quarter. Atria Investments LLC now owns 10,208 shares of the company’s stock worth $465,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Catalent by 0.7% during the fourth quarter. Retirement Systems of Alabama now owns 188,448 shares of the company’s stock worth $5,876,000 after purchasing an additional 1,256 shares in the last quarter. 96.76% of the stock is currently owned by hedge funds and other institutional investors.

CTLT opened at $39.23 on Wednesday. The company has a market cap of $5.43 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.66. The company has a current ratio of 2.05, a quick ratio of 1.61 and a debt-to-equity ratio of 1.44. Catalent has a twelve month low of $29.23 and a twelve month high of $46.43.

Catalent (NYSE:CTLT) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $608.38 million. Catalent had a return on equity of 19.13% and a net margin of 2.65%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts anticipate that Catalent will post 1.65 earnings per share for the current year.

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Catalent Company Profile

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through four segments: Softgel Technologies, Biologics and Specialty Drug Delivery, Oral Drug Delivery, and Clinical Supply Services. The Softgel Technologies segment formulates, develops, and manufactures prescription and consumer soft capsules for use in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, unit-dose cosmetics, and animal health medicinal preparations.

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