Huntsman Corporation (NYSE:HUN) VP J Kimo Esplin sold 428,571 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $31.54, for a total value of $13,517,129.34. Following the completion of the transaction, the vice president now directly owns 925,271 shares in the company, valued at approximately $29,183,047.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 34.90%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS.
Several brokerages have issued reports on HUN. Zacks Investment Research raised Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating and set a $32.00 target price on shares of Huntsman Corporation in a research note on Friday, October 27th. They noted that the move was a valuation call. Nomura increased their target price on shares of Huntsman Corporation to $40.00 and gave the stock a “buy” rating in a research note on Monday. UBS AG raised their price objective on shares of Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday. Finally, BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.55.
Institutional investors have recently made changes to their positions in the stock. DSAM Partners London Ltd acquired a new stake in shares of Huntsman Corporation during the 2nd quarter worth about $2,128,000. Chicago Equity Partners LLC increased its position in Huntsman Corporation by 1,462.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock valued at $11,448,000 after acquiring an additional 414,685 shares in the last quarter. CIBC World Markets Inc. increased its position in Huntsman Corporation by 133.4% in the 2nd quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock valued at $18,308,000 after acquiring an additional 404,905 shares in the last quarter. Royal Bank of Canada increased its position in Huntsman Corporation by 58.6% in the 2nd quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after acquiring an additional 147,090 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position 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 acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.
Huntsman Corporation Company 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.
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