Shell Asset Management Co. Sells 69,009 Shares of Huntsman Corporation (HUN)

Shell Asset Management Co. lowered its holdings in Huntsman Corporation (NYSE:HUN) by 80.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,517 shares of the basic materials company’s stock after selling 69,009 shares during the period. Shell Asset Management Co.’s holdings in Huntsman Corporation were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUN. BlackRock Inc. boosted its holdings in Huntsman Corporation by 12,556.8% in the 1st quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock valued at $251,343,000 after purchasing an additional 10,161,239 shares during the period. CNH Partners LLC bought a new stake in Huntsman Corporation in the 2nd quarter valued at about $173,105,000. Farallon Capital Management LLC bought a new stake in Huntsman Corporation in the 2nd quarter valued at about $140,053,000. Principal Financial Group Inc. boosted its holdings in Huntsman Corporation by 119.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock valued at $124,269,000 after purchasing an additional 2,615,454 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Huntsman Corporation by 90.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,391,025 shares of the basic materials company’s stock valued at $139,304,000 after purchasing an additional 2,559,069 shares during the period. 75.00% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on HUN. Nomura upped their price target on shares of Huntsman Corporation to $40.00 and gave the stock a “buy” rating in a report on Monday. UBS AG upped their price target on shares of Huntsman Corporation from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $32.00 price target on shares of Huntsman Corporation in a report on Friday, October 27th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a report on Tuesday, October 17th. Finally, Instinet reaffirmed a “buy” rating and set a $34.00 price target (up previously from $30.00) on shares of Huntsman Corporation in a report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.55.

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In other Huntsman Corporation news, Chairman Jon M. Huntsman sold 383,610 shares of Huntsman Corporation stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $31.58, for a total transaction of $12,114,403.80. Following the completion of the sale, the chairman now directly owns 115,206 shares in the company, valued at $3,638,205.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP J Kimo Esplin sold 428,571 shares of Huntsman Corporation stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the sale, the vice president now owns 925,271 shares of the company’s stock, valued at $29,183,047.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 992,181 shares of company stock valued at $31,413,933. 19.00% of the stock is currently owned by company insiders.

Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. The company 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 30.64%. Huntsman Corporation’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share.

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.

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

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