Huntsman Corp. (HUN) Shares Sold by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. decreased its stake in Huntsman Corp. (NYSE:HUN) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,461,826 shares of the company’s stock after selling 182,480 shares during the period. Deprince Race & Zollo Inc. owned about 1.03% of Huntsman Corp. worth $33,112,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its position in Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock valued at $111,000 after buying an additional 200 shares during the period. Envestnet Asset Management Inc. raised its position in Huntsman Corp. by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 91,970 shares of the company’s stock valued at $1,223,000 after buying an additional 1,238 shares during the period. BNP Paribas Arbitrage SA raised its position in Huntsman Corp. by 15.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,904 shares of the company’s stock valued at $227,000 after buying an additional 2,270 shares during the period. Commonwealth Equity Services Inc raised its position in Huntsman Corp. by 24.7% in the first quarter. Commonwealth Equity Services Inc now owns 44,949 shares of the company’s stock valued at $598,000 after buying an additional 8,892 shares during the period. Finally, Fox Run Management L.L.C. raised its position in Huntsman Corp. by 95.0% in the second quarter. Fox Run Management L.L.C. now owns 19,700 shares of the company’s stock valued at $265,000 after buying an additional 9,600 shares during the period. 67.25% of the stock is currently owned by institutional investors.
Huntsman Corp. (NYSE:HUN) traded down 0.18% during mid-day trading on Monday, hitting $16.24. The company had a trading volume of 2,927,592 shares. The firm has a market cap of $3.87 billion, a P/E ratio of 19.38 and a beta of 2.65. The stock’s 50 day moving average price is $16.25 and its 200 day moving average price is $15.11. Huntsman Corp. has a 52-week low of $7.46 and a 52-week high of $18.12.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The firm earned $2.54 billion during the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. Huntsman Corp.’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts predict that Huntsman Corp. will post $1.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is currently 59.52%.
A number of research firms have recently issued reports on HUN. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a report on Thursday, August 4th. Citigroup Inc. boosted their target price on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Zacks Investment Research raised Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, July 1st. Finally, Nomura dropped their target price on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, September 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Huntsman Corp. has an average rating of “Buy” and an average price target of $16.43.
Huntsman Corp. 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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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