Huntsman Co. (NYSE:HUN) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in Huntsman Co. (NYSE:HUN) by 152.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,405 shares of the basic materials company’s stock after acquiring an additional 60,072 shares during the period. Bank of Montreal Can owned about 0.06% of Huntsman worth $2,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUN. Diversified Trust Co bought a new stake in shares of Huntsman in the 2nd quarter worth approximately $2,180,000. AQR Capital Management LLC lifted its stake in Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock valued at $32,138,000 after buying an additional 1,124,113 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Huntsman by 14.2% during the second quarter. First Eagle Investment Management LLC now owns 654,064 shares of the basic materials company’s stock valued at $14,893,000 after acquiring an additional 81,109 shares during the period. Acadian Asset Management LLC grew its position in shares of Huntsman by 97.2% during the second quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock worth $9,403,000 after acquiring an additional 203,662 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Huntsman in the 3rd quarter worth about $5,317,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HUN. Royal Bank of Canada boosted their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company reduced their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group lowered their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Huntsman Price Performance

NYSE HUN opened at $20.08 on Friday. Huntsman Co. has a 12 month low of $19.11 and a 12 month high of $27.01. The firm has a market capitalization of $3.47 billion, a PE ratio of -29.10 and a beta of 0.97. The company’s 50 day simple moving average is $21.69 and its 200 day simple moving average is $22.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. As a group, equities research analysts forecast that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.98%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.