Corp Huntsman Sells 1,948,955 Shares of Huntsman Co. (HUN) Stock

Huntsman Co. (NYSE:HUN) major shareholder Corp Huntsman sold 1,948,955 shares of Huntsman stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Corp Huntsman also recently made the following trade(s):

  • On Monday, December 4th, Corp Huntsman sold 21,764,800 shares of Huntsman stock. The stock was sold at an average price of $21.66, for a total transaction of $471,425,568.00.

Shares of Huntsman Co. (NYSE HUN) opened at $34.83 on Friday. The firm has a market cap of $8,360.00, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.74 and a beta of 2.84. Huntsman Co. has a fifty-two week low of $19.05 and a fifty-two week high of $34.90. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. equities analysts expect that Huntsman Co. will post 2.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, December 14th. Huntsman’s dividend payout ratio (DPR) is presently 29.07%.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Huntsman by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after buying an additional 1,528,072 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Huntsman by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after buying an additional 939,083 shares in the last quarter. CNH Partners LLC bought a new stake in shares of Huntsman during the 2nd quarter valued at $173,105,000. Principal Financial Group Inc. boosted its holdings in shares of Huntsman by 20.4% during the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after buying an additional 983,408 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Huntsman by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock valued at $149,566,000 after buying an additional 75,590 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Several research analysts recently commented on HUN shares. Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. UBS Group lifted their price target on shares of Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 30th. Nomura lifted their price target on shares of Huntsman to $40.00 and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price target on shares of Huntsman in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “buy” rating and issued a $34.00 price target on shares of Huntsman in a report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Huntsman presently has an average rating of “Buy” and a consensus price target of $33.00.

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About Huntsman

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.

Insider Buying and Selling by Quarter for Huntsman (NYSE:HUN)

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