19,775 Shares in Huntsman Co. (NYSE:HUN) Bought by Bank of Nova Scotia

Bank of Nova Scotia bought a new position in Huntsman Co. (NYSE:HUNGet Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,775 shares of the basic materials company’s stock, valued at approximately $561,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HUN. DekaBank Deutsche Girozentrale acquired a new position in Huntsman in the 1st quarter worth about $211,000. Steward Partners Investment Advisory LLC increased its holdings in Huntsman by 729.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,548 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 4,000 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in Huntsman in the 1st quarter worth about $202,000. Victory Capital Management Inc. increased its holdings in Huntsman by 703.3% in the 1st quarter. Victory Capital Management Inc. now owns 262,619 shares of the basic materials company’s stock worth $8,895,000 after purchasing an additional 229,926 shares in the last quarter. Finally, Wilen Investment Management CORP. increased its holdings in Huntsman by 0.6% in the 1st quarter. Wilen Investment Management CORP. now owns 259,246 shares of the basic materials company’s stock worth $9,592,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Huntsman Stock Up 0.9 %

Shares of NYSE:HUN opened at $27.41 on Monday. The business’s 50 day simple moving average is $26.32 and its two-hundred day simple moving average is $29.23. The firm has a market cap of $5.27 billion, a P/E ratio of 5.10, a PEG ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 2.00. Huntsman Co. has a 52-week low of $23.53 and a 52-week high of $41.65.

Huntsman (NYSE:HUNGet Rating) last posted its earnings results on Friday, November 4th. The basic materials company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. Huntsman had a return on equity of 19.94% and a net margin of 12.66%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. As a group, research analysts forecast that Huntsman Co. will post 3.49 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, December 14th. Huntsman’s payout ratio is 15.83%.

Analyst Upgrades and Downgrades

HUN has been the subject of several recent research reports. Credit Suisse Group initiated coverage on Huntsman in a research note on Monday, September 12th. They issued an “outperform” rating and a $33.00 price target for the company. UBS Group cut Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a research note on Wednesday, August 3rd. Wells Fargo & Company reissued an “equal weight” rating on shares of Huntsman in a research note on Tuesday, September 20th. Morgan Stanley decreased their price target on Huntsman from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, November 14th. Finally, Tudor, Pickering, Holt & Co. cut Huntsman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.20.

Huntsman Company Profile

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Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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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