Strategic Wealth Partners Ltd. raised its holdings in shares of Huntsman Co. (NYSE:HUN) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,993 shares of the basic materials company’s stock after purchasing an additional 1,983 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Huntsman were worth $871,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Huntsman by 1.3% during the third quarter. Vanguard Group Inc. now owns 23,641,404 shares of the basic materials company’s stock worth $643,755,000 after acquiring an additional 314,873 shares during the last quarter. BlackRock Inc. grew its position in shares of Huntsman by 2.2% during the third quarter. BlackRock Inc. now owns 14,399,886 shares of the basic materials company’s stock worth $392,110,000 after acquiring an additional 314,967 shares during the last quarter. LSV Asset Management grew its position in shares of Huntsman by 0.7% during the third quarter. LSV Asset Management now owns 11,528,723 shares of the basic materials company’s stock worth $313,927,000 after acquiring an additional 75,036 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Huntsman by 11.0% during the third quarter. Bank of New York Mellon Corp now owns 8,562,294 shares of the basic materials company’s stock worth $233,151,000 after acquiring an additional 848,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Huntsman by 16.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,663,076 shares of the basic materials company’s stock worth $154,201,000 after purchasing an additional 807,709 shares during the period. Hedge funds and other institutional investors own 77.51% of the company’s stock.

NYSE HUN traded up $0.35 on Friday, reaching $19.48. The company’s stock had a trading volume of 20,614 shares, compared to its average volume of 2,675,827. Huntsman Co. has a twelve month low of $18.65 and a twelve month high of $36.09. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.68 and a beta of 2.68.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $0.67 EPS. Huntsman’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts predict that Huntsman Co. will post 3.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, December 13th. Huntsman’s payout ratio is 26.21%.

In other news, VP David M. Stryker acquired 2,000 shares of Huntsman stock in a transaction on Monday, November 5th. The stock was bought at an average cost of $22.92 per share, with a total value of $45,840.00. Following the completion of the purchase, the vice president now owns 123,752 shares of the company’s stock, valued at $2,836,395.84. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David M. Stryker acquired 1,282 shares of Huntsman stock in a transaction on Wednesday, October 31st. The shares were purchased at an average cost of $21.55 per share, with a total value of $27,627.10. Following the completion of the purchase, the vice president now directly owns 122,852 shares of the company’s stock, valued at approximately $2,647,460.60. The disclosure for this purchase can be found here. Insiders acquired a total of 35,782 shares of company stock valued at $731,992 over the last three months. 19.00% of the stock is owned by corporate insiders.

HUN has been the subject of several research analyst reports. Citigroup downgraded shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $30.00 in a report on Monday, October 1st. Seaport Global Securities initiated coverage on shares of Huntsman in a report on Friday, August 24th. They issued a “buy” rating for the company. Nomura reduced their price objective on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Barclays initiated coverage on shares of Huntsman in a report on Monday, October 8th. They issued an “underweight” rating and a $29.00 price objective for the company. Finally, ValuEngine downgraded shares of Huntsman from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.13.

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Huntsman Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

See Also: Cost of Equity

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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