Huntsman Co. (NYSE:HUN) Shares Bought by State Street Corp

State Street Corp raised its stake in Huntsman Co. (NYSE:HUN - Free Report) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,301,850 shares of the basic materials company's stock after acquiring an additional 70,382 shares during the period. State Street Corp owned approximately 1.91% of Huntsman worth $79,905,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC boosted its stake 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 purchasing an additional 1,124,113 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Huntsman by 14.2% during 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 buying an additional 81,109 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Huntsman by 152.7% in the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company's stock worth $2,440,000 after buying an additional 60,072 shares during the period. Acadian Asset Management LLC lifted its stake 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 acquiring an additional 203,662 shares during the last quarter. Finally, ING Groep NV purchased a new position in Huntsman during the 3rd quarter valued at $5,317,000. Hedge funds and other institutional investors own 84.81% of the company's stock.

Insider Buying and Selling at Huntsman

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

Huntsman Stock Down 1.4 %

HUN stock traded down $0.26 during trading on Wednesday, reaching $18.30. 2,805,161 shares of the company traded hands, compared to its average volume of 1,938,199. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -26.52 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. The business has a 50 day simple moving average of $20.95 and a 200 day simple moving average of $22.01. Huntsman Co. has a 12 month low of $18.24 and a 12 month high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.99% and a negative return on equity of 0.03%. 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 firm earned $0.15 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.46%. Huntsman's dividend payout ratio is presently -144.93%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group decreased their target price on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Citigroup decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank of Canada upped their target price on shares of Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company decreased their price target on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Huntsman has an average rating of "Hold" and a consensus target price of $24.71.

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.