Marshall Wace LLP Grows Position in Huntsman Co. (HUN)

Marshall Wace LLP increased its holdings in Huntsman Co. (NYSE:HUN) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 821,228 shares of the basic materials company’s stock after purchasing an additional 13,402 shares during the quarter. Marshall Wace LLP owned 0.34% of Huntsman worth $22,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Strategic Wealth Partners Ltd. raised its holdings in shares of Huntsman by 6.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 31,993 shares of the basic materials company’s stock worth $871,000 after purchasing an additional 1,983 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Huntsman by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,641,404 shares of the basic materials company’s stock worth $643,755,000 after purchasing an additional 314,873 shares in the last quarter. Morgan Stanley raised its holdings in shares of Huntsman by 63.0% in the 3rd quarter. Morgan Stanley now owns 860,281 shares of the basic materials company’s stock worth $23,425,000 after purchasing an additional 332,502 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Huntsman by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 173,916 shares of the basic materials company’s stock worth $4,736,000 after purchasing an additional 5,064 shares in the last quarter. Finally, Csenge Advisory Group acquired a new stake in shares of Huntsman during the third quarter valued at approximately $152,000. Institutional investors and hedge funds own 77.51% of the company’s stock.

In related news, CEO Peter R. Huntsman acquired 25,000 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were purchased at an average cost of $19.90 per share, with a total value of $497,500.00. Following the completion of the transaction, the chief executive officer now owns 4,956,349 shares of the company’s stock, valued at approximately $98,631,345.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rohit Aggarwal sold 7,321 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $23.50, for a total transaction of $172,043.50. Following the transaction, the insider now directly owns 33,646 shares in the company, valued at $790,681. The disclosure for this sale can be found here. Insiders have purchased 35,782 shares of company stock worth $731,992 over the last ninety days. 19.00% of the stock is currently owned by insiders.

HUN has been the topic of a number of recent analyst reports. Citigroup lowered shares of Huntsman from a “buy” rating to a “neutral” rating and cut their price target for the company from $43.00 to $30.00 in a report on Monday, October 1st. Seaport Global Securities initiated coverage on shares of Huntsman in a report on Friday, August 24th. They set a “buy” rating on the stock. Nomura cut their price target on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. 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 on the stock. Finally, ValuEngine lowered shares of Huntsman from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $34.13.

Shares of HUN opened at $18.18 on Friday. Huntsman Co. has a 52 week low of $18.13 and a 52 week high of $36.09. The company has a market cap of $4.56 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.66 and a beta of 2.68. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Huntsman Co. will post 3.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, December 13th. Huntsman’s payout ratio is presently 26.21%.

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Huntsman 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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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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