Two Sigma Investments LP lifted its stake in Huntsman Co. (NYSE:HUN) by 254.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,534,199 shares of the basic materials company’s stock after acquiring an additional 2,537,977 shares during the period. Two Sigma Investments LP’s holdings in Huntsman were worth $117,653,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew 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 acquiring an additional 3,748 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Huntsman in the fourth quarter worth $128,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Huntsman in the fourth quarter worth $133,000. American International Group Inc. acquired a new stake in shares of Huntsman in the fourth quarter worth $149,000. Finally, The Manufacturers Life Insurance Company grew 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 worth $188,000 after acquiring an additional 610 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
HUN has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Huntsman in a research note on Wednesday, December 13th. They set an “overweight” rating and a $36.00 price target on the stock. Jefferies Group lifted their price target on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group reiterated a “hold” rating and set a $36.00 price target on shares of Huntsman in a research note on Monday, December 4th. Finally, KeyCorp lifted their price target on shares of Huntsman from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $35.92.
Shares of Huntsman Co. (HUN) traded up $0.57 during midday trading on Monday, hitting $33.12. The company’s stock had a trading volume of 628,372 shares, compared to its average volume of 2,821,768. The company has a market capitalization of $7,810.00, a PE ratio of 18.71, a PEG ratio of 1.44 and a beta of 2.71. Huntsman Co. has a 12 month low of $21.85 and a 12 month high of $36.09. 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 (NYSE:HUN) last issued its quarterly earnings data on Friday, February 23rd. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Huntsman had a return on equity of 29.30% and a net margin of 6.73%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. equities analysts forecast that Huntsman Co. will post 2.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.1625 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from Huntsman’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.96%. Huntsman’s dividend payout ratio (DPR) is presently 28.74%.
Huntsman declared that its Board of Directors has initiated a share buyback plan on Friday, February 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the basic materials company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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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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