Jacobs Levy Equity Management Inc. Has $73.94 Million Stock Position in Huntsman Co. (NYSE:HUN)

Jacobs Levy Equity Management Inc. increased its stake in shares of Huntsman Co. (NYSE:HUN) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,055,267 shares of the basic materials company’s stock after acquiring an additional 31,883 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Huntsman were worth $73,937,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Matrix Trust Co bought a new position in Huntsman during the 3rd quarter worth $25,000. True Wealth Design LLC bought a new stake in Huntsman during the 3rd quarter valued at $62,000. nVerses Capital LLC increased its holdings in shares of Huntsman by 1,250.0% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,500 shares during the period. Innealta Capital LLC purchased a new position in Huntsman in the second quarter worth $65,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Huntsman during the third quarter worth about $78,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Up 0.9 %

NYSE:HUN opened at $19.76 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The business’s 50-day moving average price is $21.92 and its two-hundred day moving average price is $22.42. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. As a group, research analysts expect that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Analysts Set New Price Targets

HUN has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Royal Bank of Canada increased their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.75.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.