Wedge Capital Management L L P NC lifted its holdings in Huntsman Co. (NYSE:HUN) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,521 shares of the basic materials company’s stock after acquiring an additional 34,874 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.11% of Huntsman worth $7,448,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC boosted its holdings in shares of Huntsman by 150.1% in the 2nd quarter. Jane Street Group LLC now owns 20,860 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 62,538 shares in the last quarter. Polianta Ltd boosted its holdings in shares of Huntsman by 12.0% in the 3rd quarter. Polianta Ltd now owns 41,900 shares of the basic materials company’s stock worth $1,140,000 after acquiring an additional 4,500 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Huntsman by 62.4% in the 1st quarter. LPL Financial LLC now owns 20,862 shares of the basic materials company’s stock worth $610,000 after acquiring an additional 8,018 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Huntsman in the 2nd quarter worth approximately $4,526,000. Finally, Aperio Group LLC boosted its holdings in shares of Huntsman by 6.2% in the 2nd quarter. Aperio Group LLC now owns 86,615 shares of the basic materials company’s stock worth $2,529,000 after acquiring an additional 5,048 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on HUN shares. Citigroup boosted their price objective on shares of Huntsman from $42.50 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Zacks Investment Research cut shares of Huntsman from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. ValuEngine cut shares of Huntsman from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. Alembic Global Advisors set a $40.00 price objective on shares of Huntsman and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, Royal Bank of Canada started coverage on shares of Huntsman in a research report on Wednesday, July 18th. They issued an “outperform” rating and a $37.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.58.
Shares of Huntsman stock opened at $23.23 on Wednesday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.81 and a beta of 2.67. Huntsman Co. has a 52 week low of $19.26 and a 52 week high of $36.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.51.
Huntsman (NYSE:HUN) last issued its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The company 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 business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, sell-side analysts forecast that Huntsman Co. will post 3.42 EPS for the current year.
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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