219,700 Shares in Huntsman Co. (NYSE:HUN) Acquired by ING Groep NV

ING Groep NV acquired a new position in Huntsman Co. (NYSE:HUN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 219,700 shares of the basic materials company's stock, valued at approximately $5,317,000. ING Groep NV owned approximately 0.13% of Huntsman at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HUN. 1832 Asset Management L.P. lifted its position in shares of Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company's stock valued at $74,652,000 after buying an additional 2,531,800 shares in the last quarter. AQR Capital Management LLC lifted its position 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 valued at $32,138,000 after buying an additional 1,124,113 shares in the last quarter. Victory Capital Management Inc. lifted its position 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 valued at $53,701,000 after buying an additional 811,099 shares in the last quarter. Marshall Wace LLP lifted its position in shares of 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 in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Huntsman by 203.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 462,100 shares of the basic materials company's stock valued at $10,522,000 after buying an additional 309,700 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Trading Up 1.3 %

Shares of HUN traded up $0.26 during midday trading on Friday, reaching $19.55. The company had a trading volume of 2,366,447 shares, compared to its average volume of 1,915,399. Huntsman Co. has a 1-year low of $19.14 and a 1-year high of $27.01. The stock has a market cap of $3.38 billion, a PE ratio of -28.33 and a beta of 1.02. The firm has a 50 day simple moving average of $22.46 and a 200-day simple moving average of $22.85. 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 issued 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. The business had revenue of $1.54 billion during 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%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Research analysts forecast that Huntsman Co. will post 0.11 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio (DPR) is -144.93%.

Wall Street Analyst Weigh In

HUN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. 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. Wells Fargo & Company decreased their price objective on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price objective on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $25.75.

Insider Activity at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

About Huntsman

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.