Huntsman Corporation (HUN) Shares Bought by State Street Corp

State Street Corp lifted its stake in shares of Huntsman Corporation (NYSE:HUN) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,842,796 shares of the basic materials company’s stock after purchasing an additional 82,951 shares during the period. State Street Corp owned 1.18% of Huntsman Corporation worth $73,459,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Huntsman Corporation by 0.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 24 shares during the last quarter. Synovus Financial Corp grew its stake in Huntsman Corporation by 0.7% in the 2nd quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock valued at $234,000 after buying an additional 62 shares in the last quarter. New York State Teachers Retirement System grew its stake in Huntsman Corporation by 0.6% in the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Huntsman Corporation by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after buying an additional 192 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its stake in Huntsman Corporation by 2.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 8,208 shares of the basic materials company’s stock valued at $212,000 after buying an additional 200 shares in the last quarter. Institutional investors own 75.00% of the company’s stock.

Huntsman Corporation (HUN) opened at 31.06 on Monday. The firm has a 50-day moving average of $28.14 and a 200 day moving average of $26.17. The company has a market capitalization of $7.46 billion, a P/E ratio of 17.61 and a beta of 2.79. Huntsman Corporation has a one year low of $16.31 and a one year high of $31.16.

Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 34.90%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities analysts forecast that Huntsman Corporation will post $2.33 EPS for the current fiscal year.

HUN has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, October 11th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman Corporation in a research note on Monday, October 2nd. BidaskClub upgraded shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $34.00 price objective on shares of Huntsman Corporation in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Huntsman Corporation presently has an average rating of “Buy” and a consensus price target of $30.73.

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Huntsman Corporation 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.

Institutional Ownership by Quarter for Huntsman Corporation (NYSE:HUN)

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