Asset Management One Co. Ltd. Acquires 25,664 Shares of Huntsman Co. (HUN)

Asset Management One Co. Ltd. raised its holdings in Huntsman Co. (NYSE:HUN) by 376.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,482 shares of the basic materials company’s stock after acquiring an additional 25,664 shares during the period. Asset Management One Co. Ltd.’s holdings in Huntsman were worth $889,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Huntsman by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock worth $609,090,000 after buying an additional 1,528,072 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Huntsman by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock worth $288,925,000 after buying an additional 939,083 shares during the last quarter. CNH Partners LLC acquired a new stake in shares of Huntsman during the 2nd quarter worth approximately $173,105,000. Principal Financial Group Inc. increased its holdings in shares of Huntsman by 20.4% during the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after buying an additional 983,408 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Huntsman by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock worth $149,566,000 after buying an additional 75,590 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Huntsman Co. (NYSE:HUN) opened at $33.04 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. The firm has a market cap of $7,977.87, a P/E ratio of 13.91, a P/E/G ratio of 1.52 and a beta of 2.85. Huntsman Co. has a 1 year low of $18.93 and a 1 year high of $33.79.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share 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 had a net margin of 5.37% and a return on equity of 30.64%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. analysts expect that Huntsman Co. will post 2.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.51%. Huntsman’s dividend payout ratio is presently 23.47%.

In other Huntsman news, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jon M. Huntsman sold 383,610 shares of the firm’s 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 transaction, the chairman now directly owns 115,206 shares of the company’s stock, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. Insiders sold a total of 23,061,783 shares of company stock valued at $512,316,794 in the last three months. 19.00% of the stock is currently owned by corporate insiders.

HUN has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Huntsman from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. KeyCorp restated a “buy” rating and set a $34.00 price target on shares of Huntsman in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, October 11th. Nomura increased their price objective on shares of Huntsman to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a research report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.00.

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About Huntsman

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 (NYSE:HUN)

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