Eaton Vance Management Purchases Shares of 31,350 Huntsman Co. (HUN)

Eaton Vance Management purchased a new position in Huntsman Co. (NYSE:HUN) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,350 shares of the basic materials company’s stock, valued at approximately $917,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Great Lakes Advisors LLC boosted its position in shares of Huntsman by 42.5% in the 1st quarter. Great Lakes Advisors LLC now owns 113,400 shares of the basic materials company’s stock worth $3,317,000 after purchasing an additional 33,830 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Huntsman by 27.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 163,570 shares of the basic materials company’s stock valued at $4,785,000 after acquiring an additional 35,099 shares in the last quarter. LSV Asset Management lifted its position in Huntsman by 3.9% in the 1st quarter. LSV Asset Management now owns 10,326,792 shares of the basic materials company’s stock valued at $302,058,000 after acquiring an additional 387,069 shares in the last quarter. AGF Investments Inc. lifted its position in Huntsman by 16.8% in the 1st quarter. AGF Investments Inc. now owns 49,486 shares of the basic materials company’s stock valued at $1,447,000 after acquiring an additional 7,132 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Huntsman by 25.7% in the 1st quarter. First Eagle Investment Management LLC now owns 1,473,653 shares of the basic materials company’s stock valued at $43,104,000 after acquiring an additional 300,843 shares in the last quarter. 79.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on HUN shares. Citigroup upped their price objective on Huntsman from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Instinet reaffirmed a “neutral” rating on shares of Huntsman in a research report on Tuesday, March 20th. Jefferies Group upped their price objective on Huntsman to $43.00 and gave the company a “buy” rating in a research report on Friday, January 26th. MED reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Huntsman in a research report on Tuesday, May 1st. Finally, ValuEngine cut Huntsman from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Huntsman has an average rating of “Buy” and a consensus target price of $36.27.

NYSE HUN opened at $32.07 on Thursday. The firm has a market cap of $7.66 billion, a PE ratio of 12.93, a PEG ratio of 1.22 and a beta of 2.72. The company has a current ratio of 1.94, a quick ratio of 1.58 and a debt-to-equity ratio of 0.61. Huntsman Co. has a 1-year low of $23.12 and a 1-year high of $36.09.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.19. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Huntsman had a return on equity of 27.32% and a net margin of 8.98%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. analysts forecast that Huntsman Co. will post 3.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.65 annualized dividend and a dividend yield of 2.03%. Huntsman’s payout ratio is 26.21%.

Huntsman declared that its board has authorized a stock repurchase plan on Friday, February 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, VP J Kimo Esplin sold 16,106 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $32.69, for a total transaction of $526,505.14. Following the transaction, the vice president now directly owns 393,973 shares of the company’s stock, valued at approximately $12,878,977.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 19.00% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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