Cambridge Investment Research Advisors Inc. Acquires 410 Shares of Huntsman Corporation (HUN)
Cambridge Investment Research Advisors Inc. raised its position in shares of Huntsman Corporation (NYSE:HUN) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,887 shares of the basic materials company’s stock after buying an additional 410 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Huntsman Corporation were worth $365,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Huntsman Corporation during the fourth quarter worth $6,821,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Huntsman Corporation during the fourth quarter worth $318,000. Comerica Bank increased its stake in shares of Huntsman Corporation by 10.6% in the fourth quarter. Comerica Bank now owns 47,684 shares of the basic materials company’s stock worth $961,000 after buying an additional 4,568 shares in the last quarter. State Street Corp raised its position in Huntsman Corporation by 1.6% in the fourth quarter. State Street Corp now owns 2,703,962 shares of the basic materials company’s stock worth $51,588,000 after buying an additional 43,539 shares during the last quarter. Finally, FMR LLC raised its position in Huntsman Corporation by 458.1% in the fourth quarter. FMR LLC now owns 892,871 shares of the basic materials company’s stock worth $17,036,000 after buying an additional 732,885 shares during the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.
Huntsman Corporation (NYSE HUN) opened at 25.74 on Monday. The firm’s 50-day moving average is $24.80 and its 200-day moving average is $22.54. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.97 and a beta of 2.77. Huntsman Corporation has a 1-year low of $12.40 and a 1-year high of $28.20.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Wednesday, April 26th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.19. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Huntsman Corporation had a net margin of 3.54% and a return on equity of 25.96%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. On average, equities analysts anticipate that Huntsman Corporation will post $2.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, June 13th. Huntsman Corporation’s dividend payout ratio (DPR) is currently 34.97%.
HUN has been the subject of a number of analyst reports. Instinet reissued a “positive” rating and set a $26.00 target price (up from $25.00) on shares of Huntsman Corporation in a research note on Tuesday, March 28th. Citigroup Inc. raised shares of Huntsman Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.54 to $28.00 in a research note on Monday, April 3rd. Zacks Investment Research raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, April 18th. Jefferies Group LLC boosted their target price on shares of Huntsman Corporation from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Finally, Nomura reissued a “buy” rating and set a $30.00 target price on shares of Huntsman Corporation in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $26.67.
In other news, CFO Sean Douglas bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average price of $23.74 per share, for a total transaction of $59,350.00. Following the transaction, the chief financial officer now directly owns 66,996 shares of the company’s stock, valued at approximately $1,590,485.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Russell R. Stolle sold 27,593 shares of the stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $24.92, for a total transaction of $687,617.56. Following the sale, the vice president now owns 93,351 shares of the company’s stock, valued at approximately $2,326,306.92. The disclosure for this sale can be found here. Insiders have sold a total of 250,197 shares of company stock valued at $6,268,457 in the last quarter. 19.00% of the stock is currently owned by corporate insiders.
Huntsman Corporation 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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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