Fmr LLC grew its stake in Huntsman Co. (NYSE:HUN) by 54.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,517,861 shares of the basic materials company’s stock after acquiring an additional 1,239,240 shares during the period. Fmr LLC owned about 1.47% of Huntsman worth $102,722,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. FTB Advisors Inc. purchased a new stake in Huntsman during the 2nd quarter worth approximately $114,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Huntsman during the 2nd quarter worth approximately $122,000. Point72 Hong Kong Ltd increased its stake in Huntsman by 46.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after buying an additional 2,235 shares during the period. Chemical Bank purchased a new stake in Huntsman during the 2nd quarter worth approximately $219,000. Finally, Advisors Asset Management Inc. increased its stake in Huntsman by 1,208.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 125,109 shares of the basic materials company’s stock worth $232,000 after buying an additional 115,551 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Sean Douglas bought 7,500 shares of the stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average price of $21.47 per share, for a total transaction of $161,025.00. Following the acquisition, the chief financial officer now owns 77,595 shares in the company, valued at approximately $1,665,964.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David M. Stryker bought 2,000 shares of the stock in a transaction dated Monday, November 5th. The stock was bought at an average price of $22.92 per share, with a total value of $45,840.00. Following the acquisition, the vice president now owns 123,752 shares in the company, valued at approximately $2,836,395.84. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,782 shares of company stock valued at $234,492. Company insiders own 19.00% of the company’s stock.
NYSE HUN opened at $22.19 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57. Huntsman Co. has a 52 week low of $19.26 and a 52 week high of $36.09. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.81 and a beta of 2.67.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts expect that Huntsman Co. will post 3.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, December 13th. Huntsman’s payout ratio is 26.21%.
HUN has been the topic of several recent research reports. ValuEngine downgraded shares of Huntsman from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. Citigroup cut shares of Huntsman from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $30.00 in a report on Monday, October 1st. Morgan Stanley initiated coverage on shares of Huntsman in a report on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 price target for the company. Barclays initiated coverage on shares of Huntsman in a report on Monday, October 8th. They set an “underweight” rating and a $29.00 price target for the company. Finally, MED reiterated a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.58.
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Huntsman Company Profile
Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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