Public Employees Retirement System of Ohio Sells 2,956 Shares of Huntsman Co. (NYSE:HUN)

Public Employees Retirement System of Ohio lessened its stake in Huntsman Co. (NYSE:HUN) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,358 shares of the basic materials company’s stock after selling 2,956 shares during the period. Public Employees Retirement System of Ohio’s holdings in Huntsman were worth $1,751,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after acquiring an additional 97,082 shares during the last quarter. Millennium Management LLC raised its holdings in Huntsman by 5.2% during the 2nd quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock worth $111,389,000 after purchasing an additional 243,821 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Huntsman by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock worth $100,536,000 after purchasing an additional 1,547,344 shares during the last quarter. State Street Corp boosted its stake in shares of Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after purchasing an additional 70,382 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Huntsman by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock worth $73,937,000 after buying an additional 31,883 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Down 1.4 %

NYSE:HUN opened at $18.30 on Thursday. The stock has a 50-day moving average price of $20.95 and a two-hundred day moving average price of $22.01. Huntsman Co. has a 1 year low of $18.24 and a 1 year high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -26.52 and a beta of 0.97.

Huntsman (NYSE:HUN) last released its quarterly 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 company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio is -144.93%.

Insider Activity

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 SEC, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

HUN has been the topic of several analyst reports. Royal Bank of Canada increased their price objective on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. UBS Group reduced 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. Citigroup decreased their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.71.

About Huntsman

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.