Perella Weinberg Partners Capital Management LP acquired a new stake in Huntsman Corp. (NYSE:HUN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,440 shares of the company’s stock, valued at approximately $1,813,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of HUN. Acrospire Investment Management LLC bought a new position in shares of Huntsman Corp. during the third quarter valued at approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Huntsman Corp. by 12.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,158 shares of the company’s stock valued at $116,000 after buying an additional 792 shares during the period. Rational Advisors LLC bought a new position in shares of Huntsman Corp. during the second quarter valued at approximately $125,000. Catalyst Capital Advisors LLC bought a new position in shares of Huntsman Corp. during the third quarter valued at approximately $151,000. Finally, Creative Planning raised its position in shares of Huntsman Corp. by 24.8% in the third quarter. Creative Planning now owns 10,325 shares of the company’s stock valued at $168,000 after buying an additional 2,055 shares during the period. Institutional investors and hedge funds own 73.17% of the company’s stock.
Huntsman Corp. (NYSE:HUN) traded down 2.24% during mid-day trading on Thursday, reaching $19.66. 1,413,739 shares of the company’s stock were exchanged. The company’s 50-day moving average is $19.67 and its 200 day moving average is $17.23. Huntsman Corp. has a one year low of $7.66 and a one year high of $20.53. The firm has a market capitalization of $4.68 billion, a P/E ratio of 23.29 and a beta of 2.71.
Huntsman Corp. (NYSE:HUN) last issued its earnings results on Friday, October 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The firm earned $2.36 billion during the quarter, compared to analyst estimates of $2.48 billion. Huntsman Corp. had a net margin of 2.11% and a return on equity of 25.26%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities analysts predict that Huntsman Corp. will post $1.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Tuesday, December 13th. Huntsman Corp.’s dividend payout ratio is currently 58.82%.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Huntsman Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 13th. Goldman Sachs Group Inc. lowered shares of Huntsman Corp. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $20.51 to $23.00 in a research note on Monday, December 12th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Huntsman Corp. currently has an average rating of “Buy” and a consensus price target of $18.80.
In related news, insider Jon M. Huntsman sold 600,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $17.27, for a total value of $10,362,000.00. Following the completion of the sale, the insider now directly owns 692,772 shares of the company’s stock, valued at $11,964,172.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Russell R. Stolle sold 7,511 shares of the company’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $20.30, for a total transaction of $152,473.30. Following the completion of the sale, the vice president now directly owns 87,410 shares of the company’s stock, valued at $1,774,423. The disclosure for this sale can be found here. 19.68% of the stock is currently owned by insiders.
About Huntsman Corp.
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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Corp. (NYSE:HUN).