Marshall Wace LLP Acquires 13,402 Shares of Huntsman Co. (HUN)

Marshall Wace LLP grew its holdings in Huntsman Co. (NYSE:HUN) by 1.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 821,228 shares of the basic materials company’s stock after purchasing an additional 13,402 shares during the quarter. Marshall Wace LLP’s holdings in Huntsman were worth $22,362,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Voya Investment Management LLC lifted its stake in shares of Huntsman by 72.9% in the second quarter. Voya Investment Management LLC now owns 4,593,258 shares of the basic materials company’s stock worth $134,123,000 after buying an additional 1,936,410 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of Huntsman by 1,032.6% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,685,795 shares of the basic materials company’s stock worth $45,904,000 after buying an additional 1,536,953 shares during the last quarter. FMR LLC lifted its stake in shares of Huntsman by 54.4% in the second quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock worth $102,722,000 after buying an additional 1,239,240 shares during the last quarter. LSV Asset Management lifted its stake in shares of Huntsman by 10.9% in the second quarter. LSV Asset Management now owns 11,453,687 shares of the basic materials company’s stock worth $334,447,000 after buying an additional 1,126,895 shares during the last quarter. Finally, Man Group plc lifted its stake in shares of Huntsman by 489.9% in the third quarter. Man Group plc now owns 1,162,671 shares of the basic materials company’s stock worth $31,660,000 after buying an additional 965,586 shares during the last quarter. 77.51% of the stock is owned by institutional investors.

In other Huntsman news, CFO Sean Douglas acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was bought at an average price of $21.47 per share, for a total transaction of $161,025.00. Following the purchase, the chief financial officer now owns 77,595 shares in the company, valued at approximately $1,665,964.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter R. Huntsman acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was acquired at an average price of $19.90 per share, with a total value of $497,500.00. Following the purchase, the chief executive officer now owns 4,956,349 shares in the company, valued at approximately $98,631,345.10. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 35,782 shares of company stock valued at $731,992. Corporate insiders own 19.00% of the company’s stock.

Several research firms recently commented on HUN. Seaport Global Securities began coverage on shares of Huntsman in a research note on Friday, August 24th. They set a “buy” rating for the company. Nomura cut their target price on shares of Huntsman from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, October 15th. Citigroup cut shares of Huntsman from a “buy” rating to a “neutral” rating and cut their target price for the company from $43.00 to $30.00 in a research note on Monday, October 1st. KeyCorp cut their target price on shares of Huntsman from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, October 31st. Finally, Barclays cut their target price on shares of Huntsman from $29.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $34.13.

NYSE:HUN opened at $18.18 on Friday. The firm has a market cap of $4.56 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.66 and a beta of 2.68. Huntsman Co. has a one year low of $18.13 and a one year high of $36.09. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57.

Huntsman (NYSE:HUN) last released its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the company earned $0.67 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Huntsman Co. will post 3.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, December 13th. Huntsman’s dividend payout ratio is 26.21%.

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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: What is a Call Option?

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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