Robeco Institutional Asset Management B.V. Grows Stake in Huntsman Co. (HUN)

Robeco Institutional Asset Management B.V. lifted its position in Huntsman Co. (NYSE:HUN) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,556 shares of the basic materials company’s stock after buying an additional 9,687 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Huntsman worth $5,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Northpointe Capital LLC boosted its stake in shares of Huntsman by 2.0% in the 2nd quarter. Northpointe Capital LLC now owns 109,733 shares of the basic materials company’s stock worth $3,204,000 after buying an additional 2,152 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in Huntsman by 46.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 2,235 shares during the period. United Services Automobile Association raised its holdings in Huntsman by 0.9% in the 2nd quarter. United Services Automobile Association now owns 262,338 shares of the basic materials company’s stock worth $7,660,000 after purchasing an additional 2,417 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Huntsman by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 180,700 shares of the basic materials company’s stock worth $5,276,000 after purchasing an additional 2,612 shares during the period. Finally, Keybank National Association OH raised its holdings in Huntsman by 9.7% in the 2nd quarter. Keybank National Association OH now owns 29,753 shares of the basic materials company’s stock worth $869,000 after purchasing an additional 2,639 shares during the period. Hedge funds and other institutional investors own 77.47% of the company’s stock.

NYSE:HUN opened at $23.43 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.80 and a beta of 2.67. Huntsman Co. has a 52 week low of $19.26 and a 52 week high of $36.09.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, analysts predict that Huntsman Co. will post 3.42 earnings per share for the current fiscal year.

HUN has been the topic of a number of recent research reports. Zacks Investment Research raised Huntsman from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday, July 16th. Citigroup raised their target price on Huntsman from $42.50 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. MED reaffirmed a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Seaport Global Securities initiated coverage on Huntsman in a report on Friday, August 24th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of Huntsman in a report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.58.

In other Huntsman news, CFO Sean Douglas purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were acquired at an average cost of $21.47 per share, with a total value of $161,025.00. Following the completion of the acquisition, the chief financial officer now directly owns 77,595 shares in the company, valued at $1,665,964.65. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Stryker purchased 1,282 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were acquired at an average cost of $21.55 per share, for a total transaction of $27,627.10. Following the completion of the acquisition, the vice president now owns 122,852 shares of the company’s stock, valued at $2,647,460.60. The disclosure for this purchase can be found here. 19.00% of the stock is owned by company insiders.

About Huntsman

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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