Holocene Advisors LP increased its position in Huntsman Co. (NYSE:HUN - Free Report) by 68.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,821 shares of the basic materials company's stock after purchasing an additional 102,115 shares during the period. Holocene Advisors LP owned 0.14% of Huntsman worth $6,070,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HUN. Diversified Trust Co bought a new position in shares of Huntsman in the 2nd quarter worth about $2,180,000. AQR Capital Management LLC lifted its holdings in Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Huntsman by 14.2% in the second quarter. First Eagle Investment Management LLC now owns 654,064 shares of the basic materials company's stock valued at $14,893,000 after acquiring an additional 81,109 shares during the period. Acadian Asset Management LLC raised its position in shares of Huntsman by 97.2% during the 2nd quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company's stock worth $9,403,000 after purchasing an additional 203,662 shares during the period. Finally, ING Groep NV bought a new stake in shares of Huntsman in the 3rd quarter worth approximately $5,317,000. 84.81% of the stock is owned by institutional investors.
Huntsman Price Performance
NYSE:HUN traded down $0.17 during mid-day trading on Thursday, reaching $20.08. 2,963,939 shares of the stock were exchanged, compared to its average volume of 1,921,325. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The business has a fifty day moving average price of $21.78 and a 200 day moving average price of $22.37.
Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. Huntsman's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that Huntsman Co. will post 0.09 EPS for the current year.
Huntsman Dividend Announcement
The company also recently announced 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 4.98%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio (DPR) is currently -144.93%.
Insider Activity
In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman 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 filing with the SEC, which is available at this link. 5.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. 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 note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their price target on Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.75.
Get Our Latest Stock Analysis on Huntsman
Huntsman Profile
(
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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