Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Huntsman Corporation (NYSE:HUN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 129,785 shares of the basic materials company’s stock, valued at approximately $3,559,000. Dai Ichi Life Insurance Company Ltd owned 0.05% of Huntsman as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Huntsman during the second quarter worth approximately $106,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Huntsman in the second quarter valued at approximately $109,000. Assetmark Inc. boosted 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 valued at $109,000 after buying an additional 3,748 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Huntsman by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after buying an additional 24 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Huntsman by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after buying an additional 610 shares during the period. Institutional investors own 75.21% of the company’s stock.
Several equities research analysts recently issued reports on HUN shares. Instinet reiterated a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of Huntsman in a research note on Wednesday, September 20th. Nomura boosted their price target on Huntsman from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. UBS boosted their price target on Huntsman from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. KeyCorp reiterated a “buy” rating and issued a $34.00 price target on shares of Huntsman in a research note on Friday, September 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $32.00 price target on shares of Huntsman in a research note on Friday, October 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.55.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. equities analysts expect that Huntsman Corporation will post 2.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.55%. Huntsman’s dividend payout ratio is currently 29.07%.
In other Huntsman news, CEO Anthony P. Hankins sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the completion of the transaction, the chief executive officer now directly owns 442,615 shares in the company, valued at $14,110,566.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary C. Beckerle sold 4,507 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.76, for a total transaction of $138,635.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,056,190 shares of company stock valued at $33,429,051. Company insiders own 19.00% of the company’s stock.
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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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