Harvest Fund Management Co. Ltd Buys Shares of 4,220 Huntsman Corporation (HUN)
Harvest Fund Management Co. Ltd bought a new stake in shares of Huntsman Corporation (NYSE:HUN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,220 shares of the basic materials company’s stock, valued at approximately $109,000.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Huntsman Corporation during the first quarter valued at about $122,000. Opera Trading Capital bought a new position in Huntsman Corporation during the second quarter valued at about $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in Huntsman Corporation by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after buying an additional 24 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Huntsman Corporation by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock valued at $203,000 after buying an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in Huntsman Corporation during the second quarter valued at about $207,000. 75.10% of the stock is owned by institutional investors and hedge funds.
In related news, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction on Friday, June 30th. The stock was sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the sale, the vice president now directly owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Randy W. Wright sold 32,962 shares of Huntsman Corporation stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $25.75, for a total value of $848,771.50. Following the sale, the vice president now directly owns 69,148 shares of the company’s stock, valued at $1,780,561. The disclosure for this sale can be found here. 19.00% of the stock is owned by insiders.
Several brokerages recently weighed in on HUN. KeyCorp raised Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Monday, July 24th. BidaskClub cut Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine raised Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 target price on shares of Huntsman Corporation in a research note on Friday, July 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.00.
Shares of Huntsman Corporation (NYSE:HUN) traded up 2.1359% during midday trading on Monday, hitting $28.4142. The stock had a trading volume of 990,268 shares. The firm’s 50-day moving average price is $26.33 and its 200-day moving average price is $25.09. The firm has a market capitalization of $6.82 billion, a PE ratio of 16.1078 and a beta of 2.79. Huntsman Corporation has a one year low of $14.27 and a one year high of $28.48.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Huntsman Corporation will post $2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.125 per share. 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 1.80%. Huntsman Corporation’s dividend payout ratio (DPR) is presently 28.41%.
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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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