Schroder Investment Management Group boosted its stake in Huntsman Co. (NYSE:HUN) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,229 shares of the basic materials company’s stock after purchasing an additional 7,947 shares during the period. Schroder Investment Management Group’s holdings in Huntsman were worth $840,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HUN. Cerebellum GP LLC purchased a new position in shares of Huntsman in the fourth quarter worth about $128,000. Assetmark Inc. increased its stake in shares of Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 3,748 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Huntsman during the fourth quarter valued at approximately $133,000. Cypress Capital Management LLC WY purchased a new position in Huntsman during the fourth quarter valued at approximately $211,000. Finally, Chickasaw Capital Management LLC purchased a new position in Huntsman during the fourth quarter valued at approximately $216,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In related news, CEO Anthony P. Hankins sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $33.24, for a total transaction of $3,324,000.00. Following the completion of the sale, the chief executive officer now directly owns 462,615 shares in the company, valued at $15,377,322.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Monte G. Edlund sold 2,000 shares of the company’s stock in a transaction on Saturday, February 17th. The shares were sold at an average price of $21.40, for a total value of $42,800.00. Following the completion of the sale, the insider now owns 52,696 shares of the company’s stock, valued at $1,127,694.40. The disclosure for this sale can be found here. Insiders sold 2,150,955 shares of company stock valued at $48,905,165 over the last three months. 19.00% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Goldman Sachs Group reissued a “hold” rating and set a $36.00 price objective on shares of Huntsman in a research report on Monday, December 4th. JPMorgan Chase & Co. began coverage on shares of Huntsman in a research report on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 target price on the stock. Citigroup upped their price target on shares of Huntsman from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Tudor Pickering initiated coverage on shares of Huntsman in a research note on Friday, January 19th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $35.92.
Huntsman Co. (NYSE HUN) traded down $0.87 during trading hours on Wednesday, hitting $31.69. The stock had a trading volume of 1,997,736 shares, compared to its average volume of 2,877,195. The company has a market capitalization of $7,750.00, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.46 and a beta of 2.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.50 and a current ratio of 1.83. Huntsman Co. has a fifty-two week low of $21.92 and a fifty-two week high of $36.09.
Huntsman (NYSE:HUN) last posted its earnings results on Friday, February 23rd. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.10. Huntsman had a return on equity of 29.30% and a net margin of 6.73%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. analysts forecast that Huntsman Co. will post 2.74 EPS for the current fiscal year.
Huntsman declared that its Board of Directors has approved a stock buyback plan on Friday, February 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a $0.1625 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Huntsman’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a yield of 2.05%. Huntsman’s payout ratio is presently 28.74%.
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Huntsman Company 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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