Russell Investments Group Ltd. Grows Holdings in Huntsman Co. (HUN)

Russell Investments Group Ltd. lifted its holdings in Huntsman Co. (NYSE:HUN) by 30.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,531 shares of the basic materials company’s stock after acquiring an additional 171,167 shares during the period. Russell Investments Group Ltd. owned 0.31% of Huntsman worth $20,015,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HUN. LPL Financial LLC lifted its holdings in shares of Huntsman by 62.4% in the 1st quarter. LPL Financial LLC now owns 20,862 shares of the basic materials company’s stock valued at $610,000 after acquiring an additional 8,018 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Huntsman by 21.6% in the 1st quarter. Guggenheim Capital LLC now owns 116,138 shares of the basic materials company’s stock valued at $3,396,000 after acquiring an additional 20,604 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Huntsman by 28.5% in the 1st quarter. Royal Bank of Canada now owns 256,096 shares of the basic materials company’s stock valued at $7,491,000 after acquiring an additional 56,797 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Huntsman by 15.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,503,034 shares of the basic materials company’s stock valued at $43,963,000 after acquiring an additional 204,310 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Huntsman by 31.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 22,500 shares of the basic materials company’s stock valued at $657,000 after acquiring an additional 5,410 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Huntsman stock opened at $23.23 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.88. Huntsman Co. has a 1-year low of $19.26 and a 1-year high of $36.09. The stock has a market capitalization of $5.58 billion, a P/E ratio of 9.37, a PEG ratio of 0.81 and a beta of 2.67.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts expect that Huntsman Co. will post 3.42 EPS for the current fiscal year.

In other news, VP David M. Stryker acquired 2,000 shares of Huntsman stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average cost of $22.92 per share, with a total value of $45,840.00. Following the transaction, the vice president now directly owns 123,752 shares of the company’s stock, valued at approximately $2,836,395.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean Douglas acquired 7,500 shares of Huntsman stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of $21.47 per share, for a total transaction of $161,025.00. Following the completion of the transaction, the chief financial officer now directly owns 77,595 shares in the company, valued at $1,665,964.65. The disclosure for this purchase can be found here. Insiders purchased a total of 10,782 shares of company stock worth $234,492 over the last three months. 10.90% of the stock is currently owned by corporate insiders.

HUN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, July 16th. Citigroup increased their price target on shares of Huntsman from $42.50 to $43.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. MED reaffirmed a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Seaport Global Securities initiated coverage on shares of Huntsman in a report on Friday, August 24th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of Huntsman in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Huntsman currently has an average rating of “Hold” and an average target price of $34.58.

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About Huntsman

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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