Swiss National Bank Acquires 3,300 Shares of Huntsman Corporation (HUN)
Swiss National Bank boosted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,174 shares of the basic materials company’s stock after purchasing an additional 3,300 shares during the period. Swiss National Bank owned approximately 0.14% of Huntsman Corporation worth $8,738,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Huntsman Corporation during the first quarter valued at approximately $122,000. Opera Trading Capital acquired a new stake in Huntsman Corporation during the second quarter valued at approximately $129,000. Bronfman E.L. Rothschild L.P. lifted its stake in Huntsman Corporation by 0.4% during the second 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Huntsman Corporation by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock valued at $203,000 after purchasing an additional 705 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Huntsman Corporation during the second quarter valued at approximately $207,000. 75.89% of the stock is owned by institutional investors and hedge funds.
Shares of Huntsman Corporation (HUN) opened at 27.48 on Thursday. Huntsman Corporation has a 12 month low of $14.27 and a 12 month high of $28.30. The company has a 50 day moving average of $26.30 and a 200 day moving average of $25.01. The stock has a market cap of $6.60 billion, a P/E ratio of 15.58 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company earned $0.53 EPS. Huntsman Corporation’s revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Huntsman Corporation will post $2.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, September 14th. Huntsman Corporation’s payout ratio is 28.41%.
HUN has been the subject of several recent research reports. BidaskClub raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a research note on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research note on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.00.
TRADEMARK VIOLATION NOTICE: “Swiss National Bank Acquires 3,300 Shares of Huntsman Corporation (HUN)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/14/swiss-national-bank-acquires-3300-shares-of-huntsman-corporation-hun.html.
In related news, VP Randy W. Wright sold 32,962 shares of Huntsman Corporation stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the transaction, the vice president now owns 69,148 shares of the company’s stock, valued at approximately $1,780,561. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the transaction, the vice president now directly owns 66,023 shares in the company, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. 19.00% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Corporation (NYSE:HUN).
Receive News & Ratings for Huntsman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.