Robeco Institutional Asset Management B.V. Purchases Shares of 128,471 Huntsman Co. (HUN)
Robeco Institutional Asset Management B.V. purchased a new stake in Huntsman Co. (NYSE:HUN) in the 4th quarter, Holdings Channel reports. The fund purchased 128,471 shares of the basic materials company’s stock, valued at approximately $4,277,000.
Other large investors have also bought and sold shares of the company. Assetmark Inc. increased its position in shares of Huntsman by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 3,748 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Huntsman during the fourth quarter worth about $128,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Huntsman during the fourth quarter worth about $133,000. The Manufacturers Life Insurance Company increased its position in shares of Huntsman by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 610 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Huntsman during the third quarter worth about $213,000. 76.24% of the stock is owned by institutional investors.
In other Huntsman news, CEO Anthony P. Hankins sold 100,000 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. Following the completion of the sale, the chief executive officer now directly owns 462,615 shares of the company’s stock, valued at approximately $15,377,322.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary C. Beckerle sold 4,507 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.76, for a total transaction of $138,635.32. The disclosure for this sale can be found here. Insiders sold a total of 24,197,064 shares of company stock valued at $529,077,665 over the last ninety days. 19.00% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Huntsman from a “buy” rating to a “strong-buy” rating in a research report on Friday. Jefferies Group boosted their target price on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Tudor Pickering assumed coverage on shares of Huntsman in a research report on Friday, January 19th. They set a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Huntsman in a research report on Wednesday, December 13th. They set an “overweight” rating and a $36.00 target price for the company. Finally, Goldman Sachs Group reissued a “hold” rating and set a $36.00 target price on shares of Huntsman in a research report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.00.
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.
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