Huntsman Co. (HUN) Holdings Boosted by United Services Automobile Association

United Services Automobile Association raised its stake in shares of Huntsman Co. (NYSE:HUN) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,849 shares of the basic materials company’s stock after purchasing an additional 35,511 shares during the period. United Services Automobile Association owned 0.12% of Huntsman worth $8,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Point72 Hong Kong Ltd lifted its holdings in Huntsman by 46.5% during the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after purchasing an additional 2,235 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in Huntsman by 28.3% during the third quarter. Verity Asset Management Inc. now owns 11,210 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 2,476 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Huntsman by 1.5% during the second quarter. Public Employees Retirement System of Ohio now owns 180,700 shares of the basic materials company’s stock valued at $5,276,000 after purchasing an additional 2,612 shares in the last quarter. Keybank National Association OH lifted its holdings in Huntsman by 9.7% during the second quarter. Keybank National Association OH now owns 29,753 shares of the basic materials company’s stock valued at $869,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Huntsman by 21.0% during the third quarter. Alps Advisors Inc. now owns 16,975 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 2,942 shares in the last quarter. 77.51% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HUN opened at $19.21 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $4.33 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 0.63 and a beta of 2.69. Huntsman Co. has a twelve month low of $18.01 and a twelve month high of $36.09.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. On average, research analysts anticipate that Huntsman Co. will post 3.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, December 13th. Huntsman’s dividend payout ratio is currently 26.21%.

In other Huntsman news, CEO Peter R. Huntsman purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $18.83 per share, with a total value of $188,300.00. Following the completion of the purchase, the chief executive officer now owns 4,966,349 shares in the company, valued at approximately $93,516,351.67. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David M. Stryker purchased 1,282 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average cost of $21.55 per share, for a total transaction of $27,627.10. Following the completion of the purchase, the vice president now owns 122,852 shares of the company’s stock, valued at approximately $2,647,460.60. The disclosure for this purchase can be found here. Over the last three months, insiders bought 50,282 shares of company stock worth $1,004,692. Insiders own 10.90% of the company’s stock.

HUN has been the topic of several recent analyst reports. Alembic Global Advisors set a $40.00 price objective on shares of Huntsman and gave the company a “buy” rating in a report on Tuesday, October 30th. reaffirmed a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Seaport Global Securities initiated coverage on shares of Huntsman in a report on Friday, August 24th. They set a “buy” rating on the stock. Morgan Stanley initiated coverage on shares of Huntsman in a report on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.13.

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About Huntsman

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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