Quantbot Technologies LP lowered its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 41.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,648 shares of the basic materials company's stock after selling 87,106 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Huntsman worth $2,920,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in shares of Huntsman by 152.7% during the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company's stock valued at $2,440,000 after acquiring an additional 60,072 shares during the period. Larson Financial Group LLC lifted its position in Huntsman by 14.4% during the third 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. Algert Global LLC grew its stake in Huntsman by 37.2% during the third quarter. Algert Global LLC now owns 631,566 shares of the basic materials company's stock worth $15,284,000 after buying an additional 171,163 shares in the last quarter. Cerity Partners LLC increased its holdings in Huntsman by 242.4% in the 3rd quarter. Cerity Partners LLC now owns 44,970 shares of the basic materials company's stock valued at $1,088,000 after buying an additional 31,837 shares during the period. Finally, Pzena Investment Management LLC acquired a new position in shares of Huntsman in the 3rd quarter valued at approximately $27,045,000. Institutional investors own 84.81% of the company's stock.
Huntsman Trading Up 0.8 %
Huntsman stock traded up $0.15 during trading hours on Thursday, hitting $19.58. The stock had a trading volume of 1,743,003 shares, compared to its average volume of 1,907,532. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -28.38 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The business's 50 day simple moving average is $22.11 and its 200-day simple moving average is $22.55. 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 posted its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. On average, equities analysts predict that Huntsman Co. will post 0.09 EPS for the current fiscal year.
Huntsman Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.11%. The ex-dividend date is Friday, December 13th. Huntsman's dividend payout ratio is currently -144.93%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their target price on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.75.
Check Out Our Latest Analysis on Huntsman
Insiders Place Their Bets
In other news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction 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 available through this link. Company insiders own 6.10% of the company's stock.
Huntsman Profile
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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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