Cerity Partners LLC increased its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 242.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,970 shares of the basic materials company's stock after purchasing an additional 31,837 shares during the period. Cerity Partners LLC's holdings in Huntsman were worth $1,088,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Pzena Investment Management LLC purchased a new position in Huntsman in the 3rd quarter worth approximately $27,045,000. Advisors Asset Management Inc. increased its stake in Huntsman by 267.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 117,990 shares of the basic materials company's stock worth $2,855,000 after acquiring an additional 85,889 shares during the last quarter. Empowered Funds LLC increased its stake in Huntsman by 49.9% in the 3rd quarter. Empowered Funds LLC now owns 31,783 shares of the basic materials company's stock worth $769,000 after acquiring an additional 10,582 shares during the last quarter. ING Groep NV bought a new stake in Huntsman in the 3rd quarter worth approximately $5,317,000. Finally, Rossmore Private Capital bought a new stake in Huntsman in the 3rd quarter worth approximately $202,000. 84.81% of the stock is owned by hedge funds and other institutional investors.
Huntsman Price Performance
Huntsman stock traded down $0.17 during mid-day trading on Thursday, hitting $20.08. The company's stock had a trading volume of 2,963,939 shares, compared to its average volume of 1,921,325. The company has a 50 day moving average of $21.78 and a 200-day moving average of $22.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. Huntsman Co. has a one year low of $19.11 and a one year high of $27.01.
Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.15 EPS. Huntsman's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Huntsman Co. will post 0.09 earnings per share for the current year.
Huntsman Announces Dividend
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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio is -144.93%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on HUN. JPMorgan Chase & Co. reduced their price objective on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. UBS Group cut their target price on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. One equities research 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.com, the company has a consensus rating of "Hold" and a consensus price target of $25.75.
Check Out Our Latest Stock Analysis on Huntsman
Insiders Place Their Bets
In related news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.60% of the company's stock.
About Huntsman
(
Free Report)
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.
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