Rothschild & Co. Asset Management US Inc. cut its holdings in Huntsman Co. (NYSE:HUN) by 24.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,245,149 shares of the basic materials company’s stock after selling 408,778 shares during the period. Rothschild & Co. Asset Management US Inc. owned 0.56% of Huntsman worth $27,655,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of HUN. Morgan Stanley increased its stake in shares of Huntsman by 7.8% in the first quarter. Morgan Stanley now owns 398,298 shares of the basic materials company’s stock worth $5,746,000 after purchasing an additional 28,852 shares during the period. State Street Corp grew its position in Huntsman by 2.9% during the first quarter. State Street Corp now owns 3,145,144 shares of the basic materials company’s stock worth $45,384,000 after buying an additional 89,272 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in Huntsman by 8.7% during the second quarter. Frontier Capital Management Co. LLC now owns 290,740 shares of the basic materials company’s stock worth $5,225,000 after buying an additional 23,367 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Huntsman during the second quarter worth about $12,049,000. Finally, Smith Graham & Co. Investment Advisors LP grew its position in Huntsman by 0.4% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 236,713 shares of the basic materials company’s stock worth $4,254,000 after buying an additional 961 shares in the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.
HUN has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Huntsman in a research report on Wednesday, September 16th. They set a “buy” rating and a $29.00 target price on the stock. TheStreet raised Huntsman from a “c” rating to a “b-” rating in a research report on Tuesday, November 3rd. Morgan Stanley raised Huntsman from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Tuesday, September 29th. Truist lifted their price objective on Huntsman from $25.00 to $26.00 in a report on Wednesday, September 9th. Finally, KeyCorp lifted their price objective on Huntsman from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Huntsman has an average rating of “Buy” and a consensus target price of $23.61.
HUN stock traded down $0.37 during trading on Tuesday, hitting $24.60. The company had a trading volume of 15,696 shares, compared to its average volume of 2,076,126. The company has a quick ratio of 1.14, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $24.09 and a 200-day moving average price of $20.45. Huntsman Co. has a 12 month low of $12.23 and a 12 month high of $26.58. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 6.22 and a beta of 1.71.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, October 29th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.07. Huntsman had a net margin of 16.55% and a return on equity of 5.27%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Huntsman’s revenue was down 10.5% on a year-over-year basis. Equities analysts expect that Huntsman Co. will post 0.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, December 14th. Huntsman’s payout ratio is 42.48%.
Huntsman Corporation 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.
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