AGF Investments Inc. decreased its position in shares of Huntsman Corporation (NYSE:HUN) by 53.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,237 shares of the basic materials company’s stock after selling 51,645 shares during the quarter. AGF Investments Inc.’s holdings in Huntsman Corporation were worth $1,170,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in HUN. Wells Fargo & Company MN boosted its holdings in shares of Huntsman Corporation by 16.7% during the first quarter. Wells Fargo & Company MN now owns 532,210 shares of the basic materials company’s stock valued at $13,061,000 after acquiring an additional 75,992 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of Huntsman Corporation during the first quarter valued at $696,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Huntsman Corporation by 1.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 351,479 shares of the basic materials company’s stock valued at $8,625,000 after acquiring an additional 4,840 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Huntsman Corporation by 8.8% during the first quarter. Bank of New York Mellon Corp now owns 1,272,233 shares of the basic materials company’s stock valued at $31,222,000 after acquiring an additional 102,858 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Huntsman Corporation by 1.3% during the first quarter. Swiss National Bank now owns 334,874 shares of the basic materials company’s stock valued at $8,218,000 after acquiring an additional 4,400 shares during the period. 75.89% of the stock is owned by institutional investors.
Shares of Huntsman Corporation (NYSE HUN) opened at 26.84 on Monday. The company has a 50-day moving average of $26.26 and a 200 day moving average of $24.90. The firm has a market cap of $6.44 billion, a P/E ratio of 15.22 and a beta of 2.79. Huntsman Corporation has a 12-month low of $14.16 and a 12-month high of $28.30.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Huntsman Corporation will post $2.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.86%. Huntsman Corporation’s dividend payout ratio (DPR) is presently 28.41%.
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HUN has been the subject of several analyst reports. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and set a $29.00 price target on shares of Huntsman Corporation in a report on Friday, July 14th. BidaskClub raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, KeyCorp reissued a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Huntsman Corporation has an average rating of “Buy” and an average price target of $29.00.
In other news, VP Randy W. Wright sold 32,962 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $25.75, for a total value of $848,771.50. Following the completion of the sale, the vice president now directly owns 69,148 shares in the company, valued at $1,780,561. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $25.76, for a total value of $1,459,948.00. Following the completion of the sale, the vice president now owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
About Huntsman Corporation
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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