Bailard Inc. lessened its stake in shares of Huntsman Co. (NYSE:HUN) by 85.2% during the fourth quarter, HoldingsChannel reports. The firm owned 14,900 shares of the basic materials company’s stock after selling 85,956 shares during the period. Bailard Inc.’s holdings in Huntsman were worth $287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schroder Investment Management Group increased its stake in shares of Huntsman by 14.2% in the second quarter. Schroder Investment Management Group now owns 28,818 shares of the basic materials company’s stock worth $843,000 after purchasing an additional 3,589 shares in the last quarter. FMR LLC increased its stake in shares of Huntsman by 54.4% in the second quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock worth $102,722,000 after purchasing an additional 1,239,240 shares in the last quarter. Northern Trust Corp increased its stake in shares of Huntsman by 9.0% in the second quarter. Northern Trust Corp now owns 1,380,262 shares of the basic materials company’s stock worth $40,304,000 after purchasing an additional 114,187 shares in the last quarter. First Manhattan Co. increased its stake in shares of Huntsman by 5.2% in the third quarter. First Manhattan Co. now owns 74,826 shares of the basic materials company’s stock worth $2,037,000 after purchasing an additional 3,665 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in Huntsman during the third quarter valued at approximately $248,000. Institutional investors own 76.80% of the company’s stock.
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In related news, CFO Sean Douglas bought 2,500 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was acquired at an average cost of $18.72 per share, for a total transaction of $46,800.00. Following the completion of the transaction, the chief financial officer now directly owns 82,595 shares in the company, valued at approximately $1,546,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter R. Huntsman bought 25,000 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were bought at an average price 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 $98,631,345.10. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 39,500 shares of company stock valued at $770,200. 10.90% of the stock is currently owned by company insiders.
Several brokerages recently commented on HUN. Citigroup reduced their price objective on shares of Huntsman from $30.00 to $25.50 and set a “neutral” rating for the company in a research note on Friday, November 2nd. JPMorgan Chase & Co. cut shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research note on Wednesday. Barclays reduced their price objective on shares of Huntsman from $29.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research cut shares of Huntsman from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Nomura reduced their price objective on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Huntsman has a consensus rating of “Hold” and an average price target of $32.23.
Shares of NYSE:HUN opened at $22.96 on Friday. The company has a market cap of $5.38 billion, a P/E ratio of 9.26, a PEG ratio of 0.81 and a beta of 2.25. Huntsman Co. has a 12 month low of $17.58 and a 12 month high of $34.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.51.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, February 12th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the firm posted $0.76 EPS. Huntsman’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Huntsman Co. will post 3.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.65 annualized dividend and a yield of 2.83%. Huntsman’s payout ratio is presently 26.21%.
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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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