Naples Global Advisors LLC Has $2.11 Million Stake in Huntsman Co. (HUN)

Naples Global Advisors LLC decreased its stake in Huntsman Co. (NYSE:HUN) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,275 shares of the basic materials company’s stock after selling 3,125 shares during the period. Naples Global Advisors LLC’s holdings in Huntsman were worth $2,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUN. Assetmark Inc. raised its position in shares of Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,748 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in Huntsman in the second quarter valued at approximately $106,000. Chickasaw Capital Management LLC bought a new position in Huntsman in the fourth quarter valued at approximately $216,000. The Manufacturers Life Insurance Company increased its stake in Huntsman by 9.1% in 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 acquiring an additional 610 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in Huntsman in the third quarter valued at approximately $213,000. Institutional investors own 75.45% of the company’s stock.

Huntsman Co. (HUN) traded up $0.12 during midday trading on Friday, hitting $34.28. 2,182,700 shares of the company’s stock were exchanged, compared to its average volume of 2,303,658. The company has a market capitalization of $8,350.00, a PE ratio of 19.93, a PEG ratio of 1.70 and a beta of 2.84. Huntsman Co. has a 12-month low of $19.56 and a 12-month high of $35.00. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10.

Huntsman (NYSE:HUN) last posted its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.17. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. analysts expect that Huntsman Co. will post 2.74 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. Huntsman’s payout ratio is presently 29.07%.

In related news, VP J Kimo Esplin sold 428,571 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $31.54, for a total value of $13,517,129.34. Following the sale, the vice president now owns 925,271 shares of the company’s stock, valued at $29,183,047.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,210,738 shares of company stock worth $561,179,159. Insiders own 19.00% of the company’s stock.

A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Alembic Global Advisors reissued a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. Goldman Sachs Group reissued a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a research note on Monday, December 4th. JPMorgan Chase & Co. assumed coverage on shares of Huntsman in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price objective on the stock. Finally, SunTrust Banks reissued a “buy” rating and issued a $32.00 price objective on shares of Huntsman in a research note on Friday, October 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.00.

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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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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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