Xact Kapitalforvaltning AB Has $911,000 Position in Huntsman Co. (NYSE:HUN)
Xact Kapitalforvaltning AB lifted its position in Huntsman Co. (NYSE:HUN) by 12.5% in the first quarter, HoldingsChannel.com reports. The firm owned 40,513 shares of the basic materials company’s stock after buying an additional 4,500 shares during the period. Xact Kapitalforvaltning AB’s holdings in Huntsman were worth $911,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC purchased a new position in Huntsman during the fourth quarter worth about $26,000. Oppenheimer Asset Management Inc. purchased a new position in Huntsman during the fourth quarter worth about $27,000. Icon Wealth Partners LLC purchased a new position in Huntsman during the first quarter worth about $28,000. IFP Advisors Inc boosted its stake in Huntsman by 30.5% during the fourth quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after buying an additional 484 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its stake in Huntsman by 130.2% during the first quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after buying an additional 1,143 shares during the period. 76.15% of the stock is owned by hedge funds and other institutional investors.
HUN has been the subject of several research analyst reports. Goldman Sachs Group raised shares of Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Thursday, May 9th. JPMorgan Chase & Co. lowered shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a research note on Wednesday, February 13th. ValuEngine raised shares of Huntsman from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Barclays set a $21.00 target price on shares of Huntsman and gave the stock a “sell” rating in a research note on Tuesday, March 19th. Finally, KeyCorp lowered their price objective on shares of Huntsman from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Huntsman currently has an average rating of “Hold” and an average price target of $28.85.
Shares of NYSE HUN traded down $0.28 during midday trading on Wednesday, hitting $18.94. The company’s stock had a trading volume of 83,697 shares, compared to its average volume of 2,724,653. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83. Huntsman Co. has a 1 year low of $17.33 and a 1 year high of $33.55. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.80 and a beta of 2.26.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts predict that Huntsman Co. will post 2.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 13th. Huntsman’s payout ratio is 19.46%.
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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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