D. E. Shaw & Co. Inc. increased its holdings in Huntsman Co. (NYSE:HUN) by 65.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,571,754 shares of the basic materials company’s stock after acquiring an additional 620,978 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.71% of Huntsman worth $45,314,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. AllSquare Wealth Management LLC lifted its stake in shares of Huntsman by 258.9% in the first quarter. AllSquare Wealth Management LLC now owns 1,500 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 1,082 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Huntsman by 173.6% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,699 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,078 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Huntsman by 71.0% in the first quarter. IFP Advisors Inc now owns 2,117 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 879 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Huntsman in the fourth quarter worth about $88,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Huntsman in the first quarter valued at about $173,000. Institutional investors and hedge funds own 80.12% of the company’s stock.
Several brokerages recently weighed in on HUN. Wolfe Research began coverage on Huntsman in a report on Wednesday, June 9th. They issued a “market perform” rating for the company. TheStreet lowered Huntsman from a “b-” rating to a “c+” rating in a report on Friday, June 18th. Zacks Investment Research lowered Huntsman from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Friday, June 11th. Wells Fargo & Company lowered their target price on Huntsman from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, July 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $33.00 target price (down from $37.00) on shares of Huntsman in a report on Monday, May 17th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.82.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, April 29th. The basic materials company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. Huntsman had a return on equity of 8.51% and a net margin of 6.58%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts expect that Huntsman Co. will post 2.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Monday, June 14th. This is an increase from Huntsman’s previous quarterly dividend of $0.16. Huntsman’s dividend payout ratio is 76.53%.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Performance Products segment manufactures amines and maleic anhydrides, including ethylene oxide, propylene oxide, glycols, ethylene dichloride, caustic soda, ammonia, hydrogen, methylamines, and acrylonitrile.
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