JPMorgan Chase & Co. increased its stake in shares of Huntsman Corporation (NYSE:HUN) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,466,615 shares of the basic materials company’s stock after acquiring an additional 75,590 shares during the period. JPMorgan Chase & Co. owned about 2.28% of Huntsman worth $149,566,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Huntsman 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 worth $139,000 after acquiring an additional 24 shares during the period. Synovus Financial Corp raised its holdings in shares of Huntsman by 0.7% during the second quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 62 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Huntsman by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock worth $746,000 after acquiring an additional 192 shares during the period. Acrospire Investment Management LLC raised its holdings in shares of Huntsman by 2.5% during the second quarter. Acrospire Investment Management LLC now owns 8,208 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 200 shares during the period. Finally, State of Wisconsin Investment Board raised its holdings in shares of Huntsman by 1.3% during the second quarter. State of Wisconsin Investment Board now owns 40,029 shares of the basic materials company’s stock worth $1,034,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 75.21% of the company’s stock.

In other news, Director Mary C. Beckerle sold 4,507 shares of Huntsman stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony P. Hankins sold 80,000 shares of Huntsman stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the completion of the transaction, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at approximately $14,110,566.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,056,190 shares of company stock valued at $33,429,051. Insiders own 19.00% of the company’s stock.

Several equities research analysts have issued reports on HUN shares. KeyCorp reiterated a “buy” rating and issued a $34.00 price target on shares of Huntsman in a research note on Friday, September 1st. Wells Fargo & Company upgraded shares of Huntsman from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $32.00 in a research note on Thursday, September 28th. UBS lifted their price target on shares of Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Nomura lifted their price target on shares of Huntsman to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Instinet reiterated a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of Huntsman in a research note on Wednesday, September 20th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.55.

Shares of Huntsman Corporation (NYSE:HUN) opened at $31.72 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52. Huntsman Corporation has a 52 week low of $18.93 and a 52 week high of $32.59. The stock has a market cap of $7,670.66, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.48 and a beta of 2.86.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (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 firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business earned $0.38 EPS. The company’s revenue was up 18.5% compared to the same quarter last year. equities research analysts anticipate that Huntsman Corporation will post 2.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman’s dividend payout ratio (DPR) is presently 23.47%.

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Huntsman 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.

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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