Bank of Montreal Can grew its stake in shares of Huntsman Co. (NYSE:HUN) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,887,483 shares of the basic materials company’s stock after buying an additional 32,362 shares during the period. Bank of Montreal Can owned about 0.07% of Huntsman worth $64,085,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HUN. Balentine LLC boosted its stake in shares of Huntsman by 7.1% during the fourth quarter. Balentine LLC now owns 18,595 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 1,200 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Huntsman by 250.4% during the third quarter. BNP Paribas Arbitrage SA now owns 3,613 shares of the basic materials company’s stock valued at $129,000 after purchasing an additional 2,582 shares during the period. Pax World Management LLC boosted its stake in shares of Huntsman by 29.7% during the fourth quarter. Pax World Management LLC now owns 10,582 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 2,037 shares during the period. Cascade Investments LLC boosted its stake in shares of Huntsman by 3.0% during the fourth quarter. Cascade Investments LLC now owns 132,700 shares of the basic materials company’s stock valued at $5,176,000 after purchasing an additional 3,800 shares during the period. Finally, Stonebridge Capital Management boosted its stake in shares of Huntsman by 8.4% during the fourth quarter. Stonebridge Capital Management now owns 54,565 shares of the basic materials company’s stock valued at $2,607,000 after purchasing an additional 4,086 shares during the period. 96.48% of the stock is currently owned by institutional investors.
Get Huntsman alerts:
HUN stock opened at $21.41 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.93 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $8.41 billion, a P/E ratio of 38.97, a PEG ratio of 1.32 and a beta of 1.17. Huntsman Co. has a 1 year low of $19.01 and a 1 year high of $41.70.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Wednesday, February 27th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.59 billion. Huntsman had a net margin of 1.17% and a return on equity of 6.03%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. As a group, research analysts expect that Huntsman Co. will post 1.12 earnings per share for the current fiscal year.
Huntsman declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 20th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 8th. Investors of record on Friday, March 29th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, March 28th. Huntsman’s dividend payout ratio (DPR) is presently 52.93%.
A number of brokerages have weighed in on HUN. Zacks Investment Research upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Jefferies Financial Group set a $24.00 price objective on shares of Huntsman and gave the company a “