BNP Paribas Arbitrage SA boosted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 83.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 476,873 shares of the basic materials company’s stock after buying an additional 217,277 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.20% of Huntsman Corporation worth $13,076,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Huntsman Corporation by 6.9% during the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after buying an additional 1,528,072 shares during the period. BlackRock Inc. raised its position in Huntsman Corporation by 9.2% during the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after purchasing an additional 939,083 shares in the last quarter. CNH Partners LLC purchased a new stake in Huntsman Corporation during the second quarter valued at about $173,105,000. Principal Financial Group Inc. raised its position in Huntsman Corporation by 20.4% during the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after purchasing an additional 983,408 shares in the last quarter. Finally, Farallon Capital Management LLC purchased a new stake in Huntsman Corporation during the second quarter valued at about $140,053,000. 74.47% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on HUN shares. Instinet restated a “buy” rating and set a $34.00 price target (up previously from $30.00) on shares of Huntsman Corporation in a research report on Wednesday, September 20th. Nomura raised their price target on Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. UBS AG raised their price target on Huntsman Corporation from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. KeyCorp restated a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a research report on Friday, September 1st. Finally, Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.55.
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In other news, VP J Kimo Esplin sold 428,571 shares of Huntsman Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.54, for a total value of $13,517,129.34. Following the transaction, the vice president now owns 925,271 shares in the company, valued at $29,183,047.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Jon M. Huntsman sold 383,610 shares of Huntsman Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.58, for a total value of $12,114,403.80. Following the completion of the transaction, the chairman now owns 115,206 shares in the company, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,056,190 shares of company stock worth $33,429,051. Company insiders own 19.00% of the company’s stock.
Huntsman Corporation (NYSE HUN) opened at $30.69 on Tuesday. The company has a market capitalization of $7,370.00, a PE ratio of 13.00, a PEG ratio of 1.49 and a beta of 2.87. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman Corporation has a twelve month low of $18.18 and a twelve month high of $32.59.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. research analysts expect that Huntsman Corporation will post 2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.63%. Huntsman Corporation’s dividend payout ratio is currently 29.07%.
About Huntsman Corporation
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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