Nationwide Fund Advisors Has $127,000 Stake in Huntsman Corporation (HUN)
Nationwide Fund Advisors lessened its position in Huntsman Corporation (NYSE:HUN) by 42.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,919 shares of the basic materials company’s stock after selling 3,642 shares during the quarter. Nationwide Fund Advisors’ holdings in Huntsman Corporation were worth $127,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in HUN. Principal Financial Group Inc. lifted its holdings in shares of Huntsman Corporation by 119.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock worth $124,269,000 after acquiring an additional 2,615,454 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Huntsman Corporation by 90.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,391,025 shares of the basic materials company’s stock valued at $139,304,000 after buying an additional 2,559,069 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Huntsman Corporation by 397.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,348,661 shares of the basic materials company’s stock valued at $60,689,000 after buying an additional 1,876,880 shares in the last quarter. American Century Companies Inc. lifted its holdings in Huntsman Corporation by 492.4% during the 2nd quarter. American Century Companies Inc. now owns 1,167,637 shares of the basic materials company’s stock valued at $30,172,000 after buying an additional 970,545 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in Huntsman Corporation during the 2nd quarter valued at about $20,250,000. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Huntsman Corporation (NYSE:HUN) opened at $30.55 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. The company has a market cap of $7,332.25, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.46 and a beta of 2.87. Huntsman Corporation has a 12-month low of $18.18 and a 12-month high of $32.59.
Huntsman Corporation (NYSE:HUN) last posted its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. equities research analysts expect that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, December 14th. Huntsman Corporation’s payout ratio is currently 23.47%.
In other news, CEO Anthony P. Hankins sold 80,000 shares of Huntsman Corporation stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total value of $2,550,400.00. Following the transaction, the chief executive officer now owns 442,615 shares of the company’s stock, valued at approximately $14,110,566.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Monte G. Edlund sold 21,493 shares of Huntsman Corporation stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $31.99, for a total transaction of $687,561.07. Following the completion of the transaction, the insider now directly owns 75,771 shares in the company, valued at approximately $2,423,914.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,056,190 shares of company stock worth $33,429,051. Insiders own 19.00% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman Corporation in a report on Monday, November 6th. UBS AG lifted their price objective on shares of Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 30th. Nomura lifted their price objective on shares of Huntsman Corporation to $40.00 and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $32.00 price objective on shares of Huntsman Corporation in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “buy” rating and set a $34.00 price objective on shares of Huntsman Corporation in a report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.55.
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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