Huntsman Co. (HUN) Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP grew its position in Huntsman Co. (NYSE:HUN) by 185.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 248,161 shares of the basic materials company’s stock after purchasing an additional 161,150 shares during the period. Quantbot Technologies LP’s holdings in Huntsman were worth $6,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Huntsman by 2.2% in the third quarter. BlackRock Inc. now owns 14,399,886 shares of the basic materials company’s stock valued at $392,110,000 after acquiring an additional 314,967 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Huntsman by 0.7% in the third quarter. LSV Asset Management now owns 11,528,723 shares of the basic materials company’s stock valued at $313,927,000 after acquiring an additional 75,036 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Huntsman by 11.0% in the third quarter. Bank of New York Mellon Corp now owns 8,562,294 shares of the basic materials company’s stock valued at $233,151,000 after acquiring an additional 848,431 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in shares of Huntsman by 8.2% in the second quarter. Iridian Asset Management LLC CT now owns 7,764,259 shares of the basic materials company’s stock valued at $226,716,000 after acquiring an additional 585,628 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Huntsman by 3.4% in the third quarter. Wells Fargo & Company MN now owns 5,340,380 shares of the basic materials company’s stock valued at $145,419,000 after acquiring an additional 175,052 shares in the last quarter. Hedge funds and other institutional investors own 78.40% of the company’s stock.

Shares of NYSE:HUN opened at $20.70 on Monday. The company has a market cap of $4.81 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.69 and a beta of 2.67. Huntsman Co. has a 1-year low of $19.26 and a 1-year high of $36.09. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57.

Huntsman (NYSE:HUN) last issued its earnings results 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. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. As a group, sell-side analysts anticipate that Huntsman Co. will post 3.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Thursday, December 13th. Huntsman’s payout ratio is 26.21%.

HUN has been the subject of several recent analyst reports. ValuEngine cut shares of Huntsman from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Citigroup cut shares of Huntsman from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $30.00 in a report on Monday, October 1st. Morgan Stanley initiated coverage on shares of Huntsman in a report on Tuesday, September 25th. They issued an “equal weight” rating and a $30.00 price objective for the company. Barclays initiated coverage on shares of Huntsman in a report on Monday, October 8th. They issued an “underweight” rating and a $29.00 price objective for the company. Finally, MED reiterated a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Huntsman has a consensus rating of “Hold” and a consensus price target of $34.58.

In other news, VP David M. Stryker purchased 2,000 shares of Huntsman stock in a transaction that occurred on Monday, November 5th. The stock was acquired at an average price of $22.92 per share, for a total transaction of $45,840.00. Following the transaction, the vice president now owns 123,752 shares in the company, valued at $2,836,395.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sean Douglas purchased 7,500 shares of Huntsman stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average price of $21.47 per share, with a total value of $161,025.00. Following the transaction, the chief financial officer now owns 77,595 shares in the company, valued at approximately $1,665,964.65. The disclosure for this purchase can be found here. Insiders have purchased 10,782 shares of company stock valued at $234,492 over the last 90 days. 10.90% of the stock is currently owned by insiders.

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Huntsman Profile

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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