Polianta Ltd trimmed its position in shares of Huntsman Co. (NYSE:HUN) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,600 shares of the basic materials company’s stock after selling 7,000 shares during the period. Polianta Ltd’s holdings in Huntsman were worth $1,218,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Huntsman by 1,658.4% during the 3rd 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. Mckinley Capital Management LLC Delaware bought a new position in Huntsman during the 2nd quarter valued at $106,000. Harvest Fund Management Co. Ltd bought a new position in Huntsman during the 2nd quarter valued at $109,000. Chickasaw Capital Management LLC bought a new position in Huntsman during the 4th quarter valued at $216,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Huntsman by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 610 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.
HUN has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Huntsman from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Nomura increased their price objective on shares of Huntsman from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Instinet reiterated a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of Huntsman in a research note on Wednesday, September 20th. Wells Fargo & Co upgraded shares of Huntsman from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $32.00 in a research note on Thursday, September 28th. Finally, Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.00.
Huntsman Co. (HUN) traded down $0.03 during trading on Tuesday, hitting $34.56. 1,401,300 shares of the stock were exchanged, compared to its average volume of 2,376,611. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman Co. has a one year low of $19.52 and a one year high of $35.00. The company has a market cap of $8,270.00, a P/E ratio of 20.09, a P/E/G ratio of 1.73 and a beta of 2.84.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. equities analysts expect that Huntsman Co. will post 2.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.125 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.45%. Huntsman’s dividend payout ratio is presently 29.07%.
In related news, Director Mary C. Beckerle sold 4,507 shares of Huntsman stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony P. Hankins sold 80,000 shares of Huntsman stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the completion of the sale, the chief executive officer now owns 442,615 shares in the company, valued at $14,110,566.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,210,738 shares of company stock worth $561,179,159. 19.00% of the stock is currently owned by insiders.
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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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