Jacobs Levy Equity Management Inc. Grows Stock Holdings in Huntsman Co. (NYSE:HUN)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Huntsman Co. (NYSE:HUN) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,055,267 shares of the basic materials company’s stock after acquiring an additional 31,883 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.77% of Huntsman worth $73,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Matrix Trust Co bought a new position in Huntsman in the 3rd quarter worth about $25,000. nVerses Capital LLC boosted its position in Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,500 shares during the last quarter. True Wealth Design LLC purchased a new position in Huntsman during the third quarter worth about $62,000. Innealta Capital LLC purchased a new stake in shares of Huntsman in the 2nd quarter valued at approximately $65,000. Finally, Capital Performance Advisors LLP acquired a new stake in Huntsman in the 3rd quarter valued at about $78,000. Institutional investors own 84.81% of the company’s stock.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their target price on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. UBS Group lowered their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.75.

Huntsman Stock Up 0.9 %

Shares of Huntsman stock opened at $19.76 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $22.42. Huntsman Co. has a 52-week low of $19.11 and a 52-week high of $27.01.

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

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.06%. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

Huntsman Profile

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.