Wall Street Access Asset Management LLC Decreases Holdings in Huntsman Corporation (HUN)
Wall Street Access Asset Management LLC trimmed its position in shares of Huntsman Corporation (NYSE:HUN) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,750 shares of the basic materials company’s stock after selling 920 shares during the period. Huntsman Corporation makes up about 1.5% of Wall Street Access Asset Management LLC’s holdings, making the stock its 14th largest holding. Wall Street Access Asset Management LLC’s holdings in Huntsman Corporation were worth $769,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of Huntsman Corporation in the second quarter valued at $109,000. SG Americas Securities LLC acquired a new stake in shares of Huntsman Corporation in the first quarter valued at $122,000. Opera Trading Capital acquired a new stake in shares of Huntsman Corporation in the second quarter valued at $129,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Huntsman Corporation by 0.4% in 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 acquiring an additional 24 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Huntsman Corporation by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock valued at $203,000 after acquiring an additional 705 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.
In related news, VP Randy W. Wright sold 56,675 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the sale, the vice president now owns 66,023 shares of the company’s stock, valued at approximately $1,700,752.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Randy W. Wright sold 32,962 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the sale, the vice president now directly owns 69,148 shares of the company’s stock, valued at approximately $1,780,561. The disclosure for this sale can be found here. Corporate insiders own 19.00% of the company’s stock.
Several equities analysts recently commented on HUN shares. ValuEngine raised Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. BidaskClub lowered Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Instinet reissued a “buy” rating and issued a $30.00 target price on shares of Huntsman Corporation in a report on Sunday, July 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $29.00 target price on shares of Huntsman Corporation in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.33.
Shares of Huntsman Corporation (NYSE HUN) traded down 1.356% during trading on Friday, hitting $27.285. The company’s stock had a trading volume of 837,774 shares. The firm’s 50 day moving average price is $26.42 and its 200-day moving average price is $25.21. The company has a market cap of $6.55 billion, a PE ratio of 15.468 and a beta of 2.79. Huntsman Corporation has a 52 week low of $14.75 and a 52 week high of $28.67.
Huntsman Corporation (NYSE:HUN) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts predict that Huntsman Corporation will post $2.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. Huntsman Corporation’s dividend payout ratio (DPR) is presently 28.41%.
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.
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