State of New Jersey Common Pension Fund D Has $2.19 Million Stock Position in Huntsman Co. (NYSE:HUN)

State of New Jersey Common Pension Fund D increased its holdings in shares of Huntsman Co. (NYSE:HUN) by 23.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,286 shares of the basic materials company’s stock after buying an additional 16,951 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Huntsman worth $2,185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Huntsman during the third quarter worth about $78,000. Principal Financial Group Inc. raised its holdings in Huntsman by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock worth $32,488,000 after buying an additional 124,841 shares during the period. Radnor Capital Management LLC acquired a new stake in Huntsman during the 3rd quarter worth approximately $1,019,000. Pallas Capital Advisors LLC increased its position in shares of Huntsman by 7.5% during the third quarter. Pallas Capital Advisors LLC now owns 34,230 shares of the basic materials company’s stock worth $782,000 after acquiring an additional 2,397 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Huntsman by 21.4% during the third quarter. Nisa Investment Advisors LLC now owns 64,615 shares of the basic materials company’s stock worth $1,564,000 after acquiring an additional 11,400 shares during the period. 84.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HUN shares. Wells Fargo & Company lowered their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. 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 research note on Friday, October 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned 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 target price of $25.75.

Huntsman Stock Down 2.0 %

NYSE:HUN opened at $19.28 on Friday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -27.94 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman Co. has a twelve month low of $19.14 and a twelve month high of $27.01. The stock’s 50 day moving average price is $22.50 and its two-hundred day moving average price is $22.88.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that Huntsman Co. will post 0.11 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Friday, December 13th. Huntsman’s payout ratio is currently -144.93%.

Huntsman Company 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.