Carl Domino Inc Trims Holdings in Huntsman Co. (HUN)

Carl Domino Inc lessened its holdings in shares of Huntsman Co. (NYSE:HUN) by 5.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 93,442 shares of the basic materials company’s stock after selling 5,036 shares during the quarter. Huntsman comprises approximately 3.1% of Carl Domino Inc’s holdings, making the stock its largest position. Carl Domino Inc’s holdings in Huntsman were worth $2,562,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HUN. Teacher Retirement System of Texas raised its stake in shares of Huntsman by 553.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 106,783 shares of the basic materials company’s stock worth $2,928,000 after buying an additional 90,446 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Huntsman by 1.9% in the 3rd quarter. New York State Common Retirement Fund now owns 426,800 shares of the basic materials company’s stock worth $11,703,000 after buying an additional 8,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Huntsman by 83.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 476,873 shares of the basic materials company’s stock worth $13,076,000 after buying an additional 217,277 shares in the last quarter. Swiss National Bank raised its stake in shares of Huntsman by 0.8% in the 3rd quarter. Swiss National Bank now owns 340,774 shares of the basic materials company’s stock worth $9,344,000 after buying an additional 2,600 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Huntsman by 20.4% in the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after buying an additional 983,408 shares in the last quarter. Institutional investors own 74.47% of the company’s stock.

Huntsman Co. (NYSE HUN) traded up $0.88 during trading hours on Thursday, reaching $30.29. The company had a trading volume of 3,118,798 shares, compared to its average volume of 3,657,031. The firm has a market capitalization of $7,060.00, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.44 and a beta of 2.87. Huntsman Co. has a 52-week low of $18.18 and a 52-week high of $32.59. 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 posted 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 firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. Huntsman had a return on equity of 17.84% and a net margin of 5.35%. Huntsman’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. sell-side analysts anticipate that Huntsman Co. will post 2.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, December 14th. Huntsman’s payout ratio is 29.07%.

In related news, Director Mary C. Beckerle sold 4,507 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $30.76, for a total transaction of $138,635.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony P. Hankins sold 80,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total value of $2,550,400.00. Following the transaction, the chief executive officer now directly owns 442,615 shares in the company, valued at $14,110,566.20. The disclosure for this sale can be found here. Insiders have sold 1,056,190 shares of company stock worth $33,429,051 over the last three months. 19.00% of the stock is owned by insiders.

A number of research firms have recently commented on HUN. UBS AG boosted their price objective on Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Nomura boosted their price objective on Huntsman to $40.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a research report on Monday, November 6th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $32.00 target price on shares of Huntsman in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “buy” rating and set a $34.00 target price on shares of Huntsman in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.55.

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Huntsman Company Profile

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.

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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