Huntsman Co. (HUN) Major Shareholder Corp Huntsman Sells 1,948,955 Shares

Huntsman Co. (NYSE:HUN) major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Corp Huntsman also recently made the following trade(s):

  • On Monday, December 4th, Corp Huntsman sold 21,764,800 shares of Huntsman stock. The stock was sold at an average price of $21.66, for a total transaction of $471,425,568.00.

Shares of Huntsman Co. (NYSE:HUN) traded down $0.25 during midday trading on Friday, reaching $34.35. 2,035,700 shares of the company’s stock traded hands, compared to its average volume of 2,857,933. 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 Co. has a twelve month low of $19.05 and a twelve month high of $34.80. The firm has a market cap of $8,310.00, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.74 and a beta of 2.84.

Huntsman (NYSE:HUN) last announced 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. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. sell-side analysts forecast that Huntsman Co. will post 2.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, December 14th. Huntsman’s payout ratio is 29.07%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Huntsman by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 24 shares during the period. Synovus Financial Corp lifted its stake in shares of Huntsman 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 purchasing an additional 62 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Huntsman 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 purchasing an additional 192 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of Huntsman 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 purchasing an additional 200 shares during the period. Finally, State of Wisconsin Investment Board lifted its stake in shares of Huntsman by 1.3% in the 2nd quarter. State of Wisconsin Investment Board now owns 40,029 shares of the basic materials company’s stock valued at $1,034,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

A number of research analysts have recently issued reports on HUN shares. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Wednesday, October 11th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a research report on Monday, October 2nd. KeyCorp reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Huntsman in a research report on Tuesday, October 17th. Nomura lifted their price objective on shares of Huntsman from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, ValuEngine downgraded shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Huntsman currently has a consensus rating of “Buy” and a consensus target price of $33.00.

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Huntsman 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.

Insider Buying and Selling by Quarter for Huntsman (NYSE:HUN)

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