SG Americas Securities LLC Takes Position in Huntsman Co. (HUN)

SG Americas Securities LLC acquired a new stake in Huntsman Co. (NYSE:HUN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 74,996 shares of the basic materials company’s stock, valued at approximately $2,042,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Point72 Hong Kong Ltd lifted its position in Huntsman by 46.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 2,235 shares in the last quarter. United Services Automobile Association lifted its position in Huntsman by 0.9% in the 2nd quarter. United Services Automobile Association now owns 262,338 shares of the basic materials company’s stock valued at $7,660,000 after acquiring an additional 2,417 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Huntsman by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 180,700 shares of the basic materials company’s stock valued at $5,276,000 after acquiring an additional 2,612 shares in the last quarter. Keybank National Association OH lifted its position in Huntsman by 9.7% in the 2nd quarter. Keybank National Association OH now owns 29,753 shares of the basic materials company’s stock valued at $869,000 after acquiring an additional 2,639 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in Huntsman by 21.0% in the 3rd quarter. Alps Advisors Inc. now owns 16,975 shares of the basic materials company’s stock valued at $462,000 after acquiring an additional 2,942 shares in the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:HUN opened at $20.22 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. Huntsman Co. has a one year low of $19.07 and a one year high of $36.09. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.69 and a beta of 2.67.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. As a group, equities analysts forecast that Huntsman Co. will post 3.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a $0.1625 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.21%. Huntsman’s payout ratio is 26.21%.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Huntsman from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. KeyCorp cut their price target on shares of Huntsman from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 31st. Nomura cut their price target on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Alembic Global Advisors set a $40.00 price target on shares of Huntsman and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, Barclays cut their price target on shares of Huntsman from $29.00 to $22.00 and set an “underweight” rating on the stock in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.58.

In other news, CFO Sean Douglas bought 7,500 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were bought at an average cost of $21.47 per share, with a total value of $161,025.00. Following the acquisition, the chief financial officer now owns 77,595 shares in the company, valued at $1,665,964.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rohit Aggarwal sold 7,321 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $23.50, for a total transaction of $172,043.50. Following the completion of the sale, the insider now directly owns 33,646 shares in the company, valued at $790,681. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 10,782 shares of company stock worth $234,492. 19.00% of the stock is owned by insiders.

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Huntsman Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

Further Reading: Average Daily Trade Volume – What It Means In Stock Trading

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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