Los Angeles Capital Management & Equity Research Inc. Trims Position in Huntsman Corporation (HUN)

Los Angeles Capital Management & Equity Research Inc. lessened its stake in Huntsman Corporation (NYSE:HUN) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,745 shares of the basic materials company’s stock after selling 14,450 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Huntsman Corporation were worth $3,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its stake in shares of Huntsman Corporation by 1.9% in the third quarter. New York State Common Retirement Fund now owns 426,800 shares of the basic materials company’s stock valued at $11,703,000 after buying an additional 8,000 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Huntsman Corporation by 83.7% in the third quarter. BNP Paribas Arbitrage SA now owns 476,873 shares of the basic materials company’s stock valued at $13,076,000 after buying an additional 217,277 shares during the period. Swiss National Bank lifted its stake in shares of Huntsman Corporation by 0.8% in the third quarter. Swiss National Bank now owns 340,774 shares of the basic materials company’s stock valued at $9,344,000 after buying an additional 2,600 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Huntsman Corporation by 20.4% in the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after buying an additional 983,408 shares during the period. Finally, IndexIQ Advisors LLC lifted its stake in shares of Huntsman Corporation by 20.5% in the third quarter. IndexIQ Advisors LLC now owns 944,235 shares of the basic materials company’s stock valued at $25,891,000 after buying an additional 160,547 shares during the period. Institutional investors and hedge funds own 77.43% of the company’s stock.

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Huntsman Corporation (NYSE HUN) opened at $30.82 on Thursday. The company has a market cap of $7,440.25, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.48 and a beta of 2.87. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman Corporation has a one year low of $18.18 and a one year high of $32.59.

Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 30.64%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. equities analysts expect that Huntsman Corporation will post 2.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation’s payout ratio is 23.47%.

In other news, Director Mary C. Beckerle sold 4,507 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.76, for a total transaction of $138,635.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP J Kimo Esplin sold 428,571 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the sale, the vice president now directly owns 925,271 shares of the company’s stock, valued at approximately $29,183,047.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,056,190 shares of company stock valued at $33,429,051. Company insiders own 19.00% of the company’s stock.

HUN has been the subject of several research reports. KeyCorp reiterated a “buy” rating and issued a $34.00 target price on shares of Huntsman Corporation in a research note on Friday, September 1st. Wells Fargo & Company upgraded shares of Huntsman Corporation from a “market perform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $32.00 in a research note on Thursday, September 28th. UBS Group AG increased their target price on shares of Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Nomura increased their target price on shares of Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, BidaskClub cut shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two 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’s stock. Huntsman Corporation currently has an average rating of “Buy” and an average target price of $31.55.

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

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