Sciencast Management LP Invests $421,000 in Huntsman Co. (HUN)
Sciencast Management LP purchased a new stake in shares of Huntsman Co. (NYSE:HUN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,378 shares of the basic materials company’s stock, valued at approximately $421,000.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Huntsman by 2.5% during the 4th quarter. BlackRock Inc. now owns 11,671,197 shares of the basic materials company’s stock valued at $388,534,000 after acquiring an additional 280,753 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Huntsman by 198.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,298,724 shares of the basic materials company’s stock valued at $43,234,000 after acquiring an additional 863,236 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of Huntsman by 406.3% in the 4th quarter. Shell Asset Management Co. now owns 83,626 shares of the basic materials company’s stock valued at $2,784,000 after purchasing an additional 67,109 shares during the last quarter. Bank of Hawaii lifted its stake in shares of Huntsman by 28.3% in the 4th quarter. Bank of Hawaii now owns 34,235 shares of the basic materials company’s stock valued at $1,140,000 after purchasing an additional 7,555 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Huntsman in the 4th quarter valued at $2,047,000. Institutional investors and hedge funds own 79.05% of the company’s stock.
Several equities research analysts recently issued reports on HUN shares. ValuEngine lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 17th. Citigroup lifted their price objective on shares of Huntsman from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, April 25th. Nomura lowered shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $36.00 in a research note on Tuesday, March 20th. Finally, Instinet reaffirmed a “neutral” rating on shares of Huntsman in a research note on Tuesday, March 20th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.81.
Huntsman (NYSE:HUN) last released its earnings results on Tuesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.19. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.17 billion. Huntsman had a net margin of 8.98% and a return on equity of 27.32%. The business’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. sell-side analysts expect that Huntsman Co. will post 3.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, June 14th. Huntsman’s dividend payout ratio is 26.21%.
Huntsman declared that its board has authorized a share buyback program on Friday, February 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the basic materials company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In other Huntsman news, VP J Kimo Esplin sold 16,106 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $32.69, for a total transaction of $526,505.14. Following the completion of the transaction, the vice president now owns 393,973 shares of the company’s stock, valued at approximately $12,878,977.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.90% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUN).
Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.