Systematic Financial Management LP cut its stake in Huntsman Corporation (NYSE:HUN) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653,151 shares of the basic materials company’s stock after selling 99,128 shares during the period. Huntsman Corporation makes up about 0.9% of Systematic Financial Management LP’s holdings, making the stock its 16th largest holding. Systematic Financial Management LP owned approximately 0.69% of Huntsman Corporation worth $45,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its position in shares of Huntsman Corporation by 0.4% in 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. Synovus Financial Corp lifted its holdings in Huntsman Corporation by 0.7% in the second quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 62 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Huntsman Corporation by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after acquiring an additional 192 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in Huntsman Corporation by 2.5% in the second quarter. Acrospire Investment Management LLC now owns 8,208 shares of the basic materials company’s stock valued at $212,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.
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In other news, Chairman Jon M. Huntsman sold 100,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $32.32, for a total value of $3,232,000.00. Following the sale, the chairman now directly owns 115,206 shares in the company, valued at $3,723,457.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary C. Beckerle sold 4,507 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The disclosure for this sale can be found here. Insiders have sold 1,056,190 shares of company stock worth $33,429,051 over the last 90 days. 19.00% of the stock is owned by insiders.
A number of research firms recently commented on HUN. Zacks Investment Research upgraded Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. KeyCorp reiterated a “buy” rating and issued a $34.00 price objective on shares of Huntsman Corporation in a report on Tuesday, October 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $31.00 price objective on shares of Huntsman Corporation in a report on Tuesday, July 25th. Finally, Wells Fargo & Company upgraded Huntsman Corporation from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $32.00 in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.55.
Huntsman Corporation (HUN) traded up $0.21 during trading hours on Monday, reaching $30.77. The company’s stock had a trading volume of 1,377,906 shares, compared to its average volume of 3,669,181. 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 one year low of $18.18 and a one year high of $32.59. The firm has a market capitalization of $7,330.00, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.46 and a beta of 2.87.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.17. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. equities analysts predict that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s dividend payout ratio (DPR) is 29.07%.
Huntsman Corporation 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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