Geode Capital Management LLC Has $62.54 Million Stake in Huntsman Co. (NYSE:HUN)

Geode Capital Management LLC raised its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,583,522 shares of the basic materials company's stock after buying an additional 40,330 shares during the quarter. Geode Capital Management LLC owned about 1.49% of Huntsman worth $62,538,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Seven Eight Capital LP lifted its stake in Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company's stock worth $559,000 after purchasing an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company's stock valued at $951,000 after buying an additional 863 shares during the last quarter. Matrix Trust Co acquired a new stake in Huntsman during the third quarter worth about $25,000. Shayne & Jacobs LLC boosted its stake in Huntsman by 1.2% in the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock valued at $2,282,000 after acquiring an additional 1,140 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of Huntsman by 14.4% during the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company's stock worth $224,000 after purchasing an additional 1,163 shares during the period. Institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

Huntsman stock traded up $0.38 during mid-day trading on Friday, hitting $18.26. The company's stock had a trading volume of 3,985,990 shares, compared to its average volume of 1,951,238. Huntsman Co. has a twelve month low of $17.67 and a twelve month high of $27.01. The stock's fifty day moving average price is $20.61 and its two-hundred day moving average price is $21.89. The stock has a market capitalization of $3.16 billion, a P/E ratio of -26.46 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company earned $0.15 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts forecast that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio is currently -144.93%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada dropped their target price on Huntsman from $23.00 to $20.00 and set a "sector perform" rating on the stock in a research report on Thursday. Citigroup reduced 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. UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their target price on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.14.

Insider Buying and Selling

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 5.60% of the stock is owned by corporate insiders.

Huntsman Company Profile

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.