Keeley Teton Advisors LLC cut its position in shares of Huntsman Corporation (NYSE:HUN) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,532 shares of the basic materials company’s stock after selling 13,094 shares during the quarter. Keeley Teton Advisors LLC owned about 0.14% of Huntsman worth $9,337,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUN. Mckinley Capital Management LLC Delaware bought a new stake in shares of Huntsman during the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Huntsman during the second quarter valued at approximately $109,000. Assetmark Inc. boosted its position in shares of Huntsman by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,748 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Huntsman by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 24 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Huntsman by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 75.47% of the company’s stock.
Several equities research analysts recently weighed in on HUN shares. Zacks Investment Research upgraded Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, October 11th. Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a research report on Monday, October 2nd. BidaskClub raised Huntsman from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine raised Huntsman from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, KeyCorp reissued a “buy” rating and issued a $34.00 target price on shares of Huntsman in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.73.
Huntsman Corporation (HUN) traded down $0.62 during trading on Thursday, reaching $30.15. The company’s stock had a trading volume of 6,690,100 shares, compared to its average volume of 3,673,757. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman Corporation has a twelve month low of $18.93 and a twelve month high of $32.59. The company has a market capitalization of $7,385.05, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.43 and a beta of 2.85.
Huntsman (NYSE:HUN) last released its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. equities analysts expect that Huntsman Corporation will post 2.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, December 14th. Huntsman’s dividend payout ratio (DPR) is 23.47%.
In other news, Director Mary C. Beckerle sold 4,507 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $30.76, for a total transaction of $138,635.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The disclosure for this sale can be found here. Insiders sold 22,820,990 shares of company stock worth $504,854,619 over the last three months. Corporate insiders own 19.00% of the company’s stock.
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Huntsman Company Profile
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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