IBM Retirement Fund lowered its position in shares of Huntsman Corp. (NYSE:HUN) by 6.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,721 shares of the company’s stock after selling 1,292 shares during the period. IBM Retirement Fund’s holdings in Huntsman Corp. were worth $305,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Comerica Bank boosted its stake in Huntsman Corp. by 0.4% in the second quarter. Comerica Bank now owns 48,078 shares of the company’s stock worth $787,000 after buying an additional 183 shares during the last quarter. Janus Capital Management LLC boosted its stake in Huntsman Corp. by 1.8% in the second quarter. Janus Capital Management LLC now owns 11,400 shares of the company’s stock worth $153,000 after buying an additional 200 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Huntsman Corp. by 2.0% in the third quarter. First Mercantile Trust Co. now owns 18,160 shares of the company’s stock worth $295,000 after buying an additional 360 shares during the last quarter. Private Advisor Group LLC boosted its stake in Huntsman Corp. by 11.1% in the second quarter. Private Advisor Group LLC now owns 19,317 shares of the company’s stock worth $249,000 after buying an additional 1,926 shares during the last quarter. Finally, Creative Planning boosted its stake in Huntsman Corp. by 24.8% in the third quarter. Creative Planning now owns 10,325 shares of the company’s stock worth $168,000 after buying an additional 2,055 shares during the last quarter. Hedge funds and other institutional investors own 73.17% of the company’s stock.
Huntsman Corp. (NYSE:HUN) traded up 0.56% on Friday, reaching $19.77. 2,255,235 shares of the company’s stock traded hands. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $20.53. The stock has a 50 day moving average price of $19.60 and a 200 day moving average price of $17.08. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 23.42 and a beta of 2.71.
Huntsman Corp. (NYSE:HUN) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Huntsman Corp. had a net margin of 2.11% and a return on equity of 25.26%. The business earned $2.36 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. Analysts forecast that Huntsman Corp. will post $1.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a $0.125 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.53%. Huntsman Corp.’s dividend payout ratio is currently 58.82%.
Several brokerages recently issued reports on HUN. Zacks Investment Research upgraded shares of Huntsman Corp. from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Goldman Sachs Group Inc. cut shares of Huntsman Corp. from a “buy” rating to a “neutral” rating and raised their target price for the stock from $20.51 to $23.00 in a report on Monday, December 12th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Huntsman Corp. currently has an average rating of “Buy” and an average price target of $18.80.
In other news, VP Russell R. Stolle sold 7,511 shares of the business’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $20.30, for a total value of $152,473.30. Following the completion of the sale, the vice president now owns 87,410 shares in the company, valued at approximately $1,774,423. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jon M. Huntsman sold 600,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $17.27, for a total transaction of $10,362,000.00. Following the completion of the sale, the insider now owns 692,772 shares of the company’s stock, valued at approximately $11,964,172.44. The disclosure for this sale can be found here. Insiders own 19.68% of the company’s stock.
Huntsman Corp. 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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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