Huntsman (HUN) Shares Gap Down on Insider Selling

Huntsman (HUN) Shares Gap Down on Insider Selling

Howe Rusling holds 0% of its portfolio in Huntsman Corporation (NYSE:HUN) for 360 shares. BlackRock Inc. now owns 11,181,244 shares of the basic materials company's stock worth $288,925,000 after buying an additional 939,083 shares during the period. FNY Partners Fund LP owned about 0.15% of Huntsman worth $9,820,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brinker Capital Inc. purchased a new stake in shares of Huntsman during the third quarter worth about $173,000. Vanguard Group Inc. grew its stake in Huntsman by 6.9% in the second quarter. JPMorgan Chase & Co. grew its holdings in shares of Huntsman by 90.4% during the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company's stock worth $18,308,000 after purchasing an additional 404,905 shares in the last quarter. Insiders have sold 22,820,990 shares of company stock valued at $504,854,619 over the last ninety days. Gotham Asset Mngmt Ltd Co holds 0.03% or 75,209 shares in its portfolio. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. Following the completion of the transaction, the director now directly owns 37,227 shares of the company's stock, valued at $1,164,460.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, VP Russell R. Stolle sold 27,593 shares of the company's stock in a transaction that occurred on Wednesday, April 5th. Huntsman now has an average rating of "Buy" and a consensus price target of $32.73. Following the sale, the chief executive officer now directly owns 442,615 shares in the company, valued at approximately $14,110,566.20. Insiders own 19.00% of the company's stock. State Board Of Administration Of Florida Retirement System invested 0.03% in Huntsman Corporation (NYSE:HUN). The company's market cap is $7.35 Billion, and the average volume is 3.97 Million. For the most recent quarter, quick ratio was 1.50, current ratio was 1.90, LT Debt/Equity ratio was 1.35 and Total Debt/Equity ratio stands at 1.36, while Payout ratio is 25.60%. The company has a market cap of $7,613.06, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.47 and a beta of 2.85.

In the past 52 weeks the company's stock price has moved within the range of $18.93 to $32.59. Jefferies maintained Huntsman Corporation (NYSE:HUN) rating on Tuesday, October 10. After $0.67 actual earnings per share reported by Huntsman Corporation for the previous quarter, Wall Street now forecasts -23.88% negative EPS growth. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.99 billion. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The business's revenue for the quarter was up 4.8% on a year-over-year basis.

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Huntsman Corporation (NYSE:HUN) now has a "Buy" signals on Composite indicators by TrendSpotter. Stockholders of record on Thursday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.58%. Huntsman's dividend payout ratio is now 23.47%.

A number of brokerages have recently commented on HUN. Goldman Sachs Group restated a "hold" rating and set a $36.00 price objective on shares of Huntsman in a research report on Monday. The stock of Huntsman Corporation (NYSE:HUN) earned "Buy" rating by Monness Crespi & Hardt on Tuesday, September 29. JP Morgan maintained it with "Neutral" rating and $12 target in Tuesday, October 20 report. Wells Fargo & Company upgraded shares of Huntsman from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $30.00 to $32.00 in a report on Thursday, September 28th. Finally, BidaskClub upgraded shares of Huntsman from a "sell" rating to a "hold" rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock.

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Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

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