227,311 Shares in Huntsman Corporation (HUN) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new stake in Huntsman Corporation (NYSE:HUN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 227,311 shares of the basic materials company’s stock, valued at approximately $5,578,000. Loomis Sayles & Co. L P owned approximately 0.09% of Huntsman Corporation as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Utah Retirement Systems increased its stake in Huntsman Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 36,137 shares of the basic materials company’s stock valued at $887,000 after buying an additional 100 shares in the last quarter. Legal & General Group Plc increased its stake in Huntsman Corporation by 14.6% in the first quarter. Legal & General Group Plc now owns 244,709 shares of the basic materials company’s stock valued at $6,010,000 after buying an additional 31,101 shares in the last quarter. Laurion Capital Management LP increased its stake in Huntsman Corporation by 6.9% in the first quarter. Laurion Capital Management LP now owns 21,713 shares of the basic materials company’s stock valued at $533,000 after buying an additional 1,400 shares in the last quarter. Systematic Financial Management LP increased its stake in Huntsman Corporation by 1,741.6% in the first quarter. Systematic Financial Management LP now owns 1,831,909 shares of the basic materials company’s stock valued at $44,955,000 after buying an additional 1,732,434 shares in the last quarter. Finally, FMR LLC increased its stake in Huntsman Corporation by 10.8% in the first quarter. FMR LLC now owns 989,652 shares of the basic materials company’s stock valued at $24,286,000 after buying an additional 96,781 shares in the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Huntsman Corporation (NYSE:HUN)

Huntsman Corporation (HUN) traded down 0.16% during trading on Tuesday, reaching $24.57. 2,976,770 shares of the company traded hands. The company’s 50-day moving average is $24.82 and its 200 day moving average is $22.50. Huntsman Corporation has a 12 month low of $12.40 and a 12 month high of $28.20. The company has a market cap of $5.89 billion, a PE ratio of 17.16 and a beta of 2.77.

Huntsman Corporation (NYSE:HUN) last released its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.19. Huntsman Corporation had a net margin of 3.54% and a return on equity of 25.96%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Huntsman Corporation will post $2.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a $0.125 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.03%. Huntsman Corporation’s payout ratio is presently 34.97%.

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Several research firms recently issued reports on HUN. BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Jefferies Group LLC decreased their price objective on shares of Huntsman Corporation from $29.00 to $27.00 and set a “buy” rating for the company in a report on Monday, May 22nd. Nomura reaffirmed a “buy” rating and set a $30.00 price objective on shares of Huntsman Corporation in a report on Thursday, April 27th. Finally, Zacks Investment Research upgraded shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, April 18th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Huntsman Corporation presently has an average rating of “Buy” and a consensus target price of $26.67.

In other news, VP Russell R. Stolle sold 27,593 shares of the business’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $24.92, for a total value of $687,617.56. Following the completion of the sale, the vice president now owns 93,351 shares of the company’s stock, valued at $2,326,306.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sean Douglas bought 2,500 shares of Huntsman Corporation stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $23.74 per share, with a total value of $59,350.00. Following the transaction, the chief financial officer now owns 66,996 shares of the company’s stock, valued at approximately $1,590,485.04. The disclosure for this purchase can be found here. In the last three months, insiders sold 250,197 shares of company stock valued at $6,268,457. 19.00% of the stock is currently owned by company insiders.

About Huntsman Corporation

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

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