CIBC World Markets Inc. grew its position in shares of Huntsman Corporation (NYSE:HUN) by 133.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 708,530 shares of the basic materials company’s stock after buying an additional 404,905 shares during the quarter. CIBC World Markets Inc. owned 0.30% of Huntsman Corporation worth $18,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. AXA lifted its position in shares of Huntsman Corporation by 33.9% during the 1st quarter. AXA now owns 296,100 shares of the basic materials company’s stock worth $7,266,000 after buying an additional 75,000 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Huntsman Corporation by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after buying an additional 100 shares in the last quarter. DSAM Partners London Ltd bought a new position in shares of Huntsman Corporation during the 2nd quarter worth approximately $2,128,000. Chicago Equity Partners LLC lifted its position in shares of Huntsman Corporation by 1,462.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock worth $11,448,000 after buying an additional 414,685 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Huntsman Corporation by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock worth $540,948,000 after buying an additional 3,497,649 shares in the last quarter. 75.89% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/07/huntsman-corporation-hun-holdings-boosted-by-cibc-world-markets-inc.html.

Huntsman Corporation (HUN) traded up 1.989% on Thursday, reaching $26.915. 868,861 shares of the company were exchanged. The firm has a 50-day moving average of $26.26 and a 200 day moving average of $24.87. The firm has a market capitalization of $6.46 billion, a P/E ratio of 15.258 and a beta of 2.79. Huntsman Corporation has a 12-month low of $14.16 and a 12-month high of $28.30.

Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities analysts predict that Huntsman Corporation will post $2.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. Huntsman Corporation’s dividend payout ratio (DPR) is presently 28.41%.

Several equities analysts have commented on HUN shares. BidaskClub raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a research report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Huntsman Corporation from a “sell” rating to a “hold” rating and set a $29.00 price target for the company in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Huntsman Corporation currently has a consensus rating of “Buy” and a consensus target price of $29.00.

In related news, VP Randy W. Wright sold 32,962 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the completion of the transaction, the vice president now directly owns 69,148 shares of the company’s stock, valued at $1,780,561. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the transaction, the vice president now directly owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The disclosure for this sale can be found here. Corporate insiders own 19.00% of the company’s stock.

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.

Institutional Ownership by Quarter for Huntsman Corporation (NYSE:HUN)

Receive News & Stock Ratings for Huntsman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman Corporation and related stocks with our FREE daily email newsletter.