FDx Advisors Inc. grew its holdings in Huntsman Co. (NYSE:HUN) by 27.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,763 shares of the basic materials company’s stock after acquiring an additional 3,006 shares during the period. FDx Advisors Inc.’s holdings in Huntsman were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Carillon Tower Advisers Inc. raised its stake in shares of Huntsman by 33.3% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 2,015,083 shares of the basic materials company’s stock valued at $54,871,000 after buying an additional 503,897 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Huntsman by 49.2% during the 3rd quarter. Schroder Investment Management Group now owns 43,000 shares of the basic materials company’s stock worth $1,171,000 after purchasing an additional 14,182 shares in the last quarter. Trexquant Investment LP increased its position in shares of Huntsman by 110.3% during the 3rd quarter. Trexquant Investment LP now owns 108,593 shares of the basic materials company’s stock worth $2,957,000 after purchasing an additional 56,947 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Huntsman by 49.8% during the 3rd quarter. CIBC World Markets Inc. now owns 78,085 shares of the basic materials company’s stock worth $2,126,000 after purchasing an additional 25,976 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Huntsman by 2.2% during the 3rd quarter. BlackRock Inc. now owns 14,399,886 shares of the basic materials company’s stock worth $392,110,000 after purchasing an additional 314,967 shares in the last quarter. Institutional investors own 77.51% of the company’s stock.

HUN opened at $19.13 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 5.48, a P/E/G ratio of 0.68 and a beta of 2.68. Huntsman Co. has a 1-year low of $18.65 and a 1-year high of $36.09.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. The firm had revenue of $2.44 billion during 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. As a group, equities research analysts forecast that Huntsman Co. will post 3.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 3.40%. The ex-dividend date is Thursday, December 13th. Huntsman’s payout ratio is presently 26.21%.

HUN has been the subject of a number of recent analyst reports. ValuEngine cut shares of Huntsman from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Morgan Stanley initiated coverage on shares of Huntsman in a research report on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 target price for the company. Alembic Global Advisors set a $40.00 target price on shares of Huntsman and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Nomura dropped their target price on shares of Huntsman from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. Finally, Barclays initiated coverage on shares of Huntsman in a research report on Monday, October 8th. They set an “underweight” rating and a $29.00 target price for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.13.

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

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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.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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