Engineers Gate Manager LP Has $1.39 Million Position in Huntsman Corporation (HUN)
Engineers Gate Manager LP lowered its position in Huntsman Corporation (NYSE:HUN) by 63.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,745 shares of the basic materials company’s stock after selling 91,876 shares during the quarter. Engineers Gate Manager LP’s holdings in Huntsman Corporation were worth $1,389,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Huntsman Corporation by 18.9% in the first quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock valued at $540,948,000 after purchasing an additional 3,497,649 shares during the period. BlackRock Inc. grew its holdings in shares of Huntsman Corporation by 12,556.8% in the first quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock valued at $251,343,000 after purchasing an additional 10,161,239 shares during the period. AQR Capital Management LLC grew its holdings in shares of Huntsman Corporation by 5.0% in the first quarter. AQR Capital Management LLC now owns 8,120,586 shares of the basic materials company’s stock valued at $199,280,000 after purchasing an additional 384,183 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Huntsman Corporation by 90.4% in the second quarter. JPMorgan Chase & Co. now owns 5,391,025 shares of the basic materials company’s stock valued at $139,304,000 after purchasing an additional 2,559,069 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Huntsman Corporation by 119.2% in the second quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock valued at $124,269,000 after purchasing an additional 2,615,454 shares during the period. 75.89% of the stock is owned by hedge funds and other institutional investors.
In other Huntsman Corporation news, VP Randy W. Wright sold 32,962 shares of Huntsman Corporation stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $25.75, for a total value of $848,771.50. Following the completion of the sale, the vice president now owns 69,148 shares in the company, valued at approximately $1,780,561. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $25.76, for a total value of $1,459,948.00. Following the completion of the sale, the vice president now owns 66,023 shares of the company’s stock, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. 19.00% of the stock is owned by insiders.
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Huntsman Corporation (NYSE:HUN) opened at 27.75 on Wednesday. The firm has a 50-day moving average of $26.28 and a 200-day moving average of $24.97. The firm has a market cap of $6.66 billion, a PE ratio of 15.73 and a beta of 2.79. Huntsman Corporation has a 52-week low of $14.16 and a 52-week high of $28.30.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.67 by $0.18. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Equities analysts anticipate that Huntsman Corporation will post $2.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. Huntsman Corporation’s dividend payout ratio (DPR) is 28.41%.
HUN has been the subject of a number of analyst reports. BidaskClub lowered shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. KeyCorp reissued a “buy” rating and issued a $34.00 price objective on shares of Huntsman Corporation in a report on Friday, September 1st. Zacks Investment Research lowered shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC dropped their price objective on shares of Huntsman Corporation from $29.00 to $27.00 and set a “buy” rating for the company in a report on Monday, May 22nd. Finally, ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.00.
Huntsman Corporation 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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