Mutual of America Capital Management LLC decreased its holdings in shares of Huntsman Corporation (NYSE:HUN) by 35.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,845 shares of the basic materials company’s stock after selling 5,500 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Huntsman Corporation were worth $270,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. DSAM Partners London Ltd bought a new position in Huntsman Corporation in the second quarter valued at approximately $2,128,000. Chicago Equity Partners LLC lifted its stake in Huntsman Corporation by 1,462.7% in the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock valued at $11,448,000 after buying an additional 414,685 shares in the last quarter. CIBC World Markets Inc. lifted its stake in Huntsman Corporation by 133.4% in the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock valued at $18,308,000 after buying an additional 404,905 shares in the last quarter. Royal Bank of Canada lifted its stake in Huntsman Corporation by 58.6% in the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after buying an additional 147,090 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after buying an additional 100 shares in the last quarter. Institutional investors own 74.47% of the company’s stock.
In other news, CEO Anthony P. Hankins sold 80,000 shares of Huntsman Corporation stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the sale, the chief executive officer now directly owns 442,615 shares in the company, valued at approximately $14,110,566.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jon M. Huntsman sold 383,610 shares of Huntsman Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.58, for a total value of $12,114,403.80. Following the completion of the sale, the chairman now directly owns 115,206 shares of the company’s stock, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,056,190 shares of company stock worth $33,429,051. Company insiders own 19.00% of the company’s stock.
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A number of brokerages have recently commented on HUN. Nomura boosted their price objective on shares of Huntsman Corporation to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. UBS AG boosted their target price on shares of Huntsman Corporation from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman Corporation in a report on Monday, November 6th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $32.00 price objective on shares of Huntsman Corporation in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and issued a $34.00 price target on shares of Huntsman Corporation in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.55.
Shares of Huntsman Corporation (NYSE HUN) opened at $30.69 on Tuesday. The firm has a market cap of $7,454.65, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.49 and a beta of 2.87. Huntsman Corporation has a 52-week low of $18.18 and a 52-week high of $32.59. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. equities research analysts forecast that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, December 14th. Huntsman Corporation’s dividend payout ratio (DPR) is presently 23.47%.
Huntsman Corporation Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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