Franklin Resources Inc. reduced its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,126,676 shares of the basic materials company's stock after selling 71,859 shares during the period. Franklin Resources Inc. owned approximately 0.65% of Huntsman worth $26,657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Huntsman during the 2nd quarter worth approximately $238,000. Allspring Global Investments Holdings LLC increased its stake in Huntsman by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company's stock worth $151,599,000 after acquiring an additional 97,082 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Huntsman by 3.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,237 shares of the basic materials company's stock valued at $825,000 after acquiring an additional 1,202 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Huntsman during the 2nd quarter valued at $65,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Huntsman during the 2nd quarter worth $213,000. 84.81% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Mary C. Beckerle sold 20,201 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.
Huntsman Trading Down 2.3 %
HUN traded down $0.42 during trading on Thursday, reaching $17.88. 3,097,925 shares of the company's stock were exchanged, compared to its average volume of 1,942,932. The firm has a fifty day moving average price of $20.85 and a two-hundred day moving average price of $21.98. The stock has a market capitalization of $3.09 billion, a PE ratio of -25.91 and a beta of 0.97. Huntsman Co. has a one year low of $17.67 and a one year high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.15 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.
Huntsman Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio (DPR) is presently -144.93%.
Wall Street Analyst Weigh In
HUN has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada decreased their price target on Huntsman from $23.00 to $20.00 and set a "sector perform" rating on the stock in a research note on Thursday. Citigroup dropped their price objective on Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, UBS Group decreased 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $24.14.
View Our Latest Stock Report on Huntsman
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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