Bank of Montreal Can Grows Stock Position in Huntsman Co. (NYSE:HUN)

Bank of Montreal Can boosted its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 152.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,405 shares of the basic materials company's stock after purchasing an additional 60,072 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Huntsman worth $2,440,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HUN. 1832 Asset Management L.P. raised its holdings in shares of Huntsman by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock worth $100,536,000 after acquiring an additional 1,547,344 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Huntsman by 383.0% during the 2nd 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 in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Huntsman during the 3rd quarter worth approximately $27,045,000. Victory Capital Management Inc. raised its holdings in shares of Huntsman by 52.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock worth $53,701,000 after acquiring an additional 811,099 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Huntsman by 45.0% during the 2nd quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company's stock valued at $27,634,000 after buying an additional 376,423 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of the firm's stock in a transaction dated 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 hyperlink. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HUN. Royal Bank of Canada increased their price target on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Wells Fargo & Company decreased their price target on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.75.

Huntsman Trading Down 1.0 %

Huntsman stock traded down $0.20 during mid-day trading on Friday, hitting $19.88. The company's stock had a trading volume of 2,424,012 shares, compared to its average volume of 1,923,455. The company has a 50 day moving average of $21.69 and a 200-day moving average of $22.36. The stock has a market cap of $3.44 billion, a PE ratio of -29.10 and a beta of 0.97. 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. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. Huntsman's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. On average, research analysts anticipate that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's payout ratio is -144.93%.

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.