Schwab Charles Investment Management Inc. raised its position in Huntsman Co. (NYSE:HUN) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 735,877 shares of the basic materials company’s stock after purchasing an additional 23,019 shares during the period. Schwab Charles Investment Management Inc. owned about 0.31% of Huntsman worth $20,178,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HUN. Mckinley Capital Management LLC Delaware acquired a new stake in Huntsman in the second quarter valued at $106,000. Harvest Fund Management Co. Ltd acquired a new stake in Huntsman in the second quarter valued at $109,000. Assetmark Inc. grew its holdings in 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 purchasing an additional 3,748 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in 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 purchasing an additional 24 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in 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 purchasing an additional 610 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on HUN shares. ValuEngine downgraded Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday. J P Morgan Chase & Co started coverage on Huntsman in a research report on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price objective on the stock. Goldman Sachs Group restated a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a research report on Monday, December 4th. Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a research report on Monday, November 6th. Finally, UBS upped their price objective on Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $33.00.
Huntsman (NYSE:HUN) last released its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. sell-side analysts anticipate that Huntsman Co. will post 2.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.53%. Huntsman’s dividend payout ratio (DPR) is presently 23.47%.
In related news, Chairman Jon M. Huntsman sold 100,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.32, for a total transaction of $3,232,000.00. Following the transaction, the chairman now directly owns 115,206 shares in the company, valued at $3,723,457.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony P. Hankins sold 80,000 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total value of $2,550,400.00. Following the transaction, the chief executive officer now owns 442,615 shares in the company, valued at $14,110,566.20. The disclosure for this sale can be found here. Insiders have sold 23,061,783 shares of company stock worth $512,316,794 over the last quarter. 19.00% of the stock is currently owned by company insiders.
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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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