Mercer Global Advisors Inc. ADV Has $3.44 Million Stock Position in Huntsman Co. (NYSE:HUN)

Posted by on May 15th, 2023

Mercer Global Advisors Inc. ADV grew its holdings in Huntsman Co. (NYSE:HUN – Get Rating) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 125,111 shares of the basic materials company’s stock after purchasing an additional 860 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.07% of Huntsman worth $3,438,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Huntsman by 33.6% in the first quarter. American Century Companies Inc. now owns 27,472 shares of the basic materials company’s stock valued at $1,030,000 after buying an additional 6,907 shares during the period. HighTower Advisors LLC increased its holdings in Huntsman by 42.3% in the first quarter. HighTower Advisors LLC now owns 13,414 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 3,986 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Huntsman in the first quarter valued at about $155,000. BlackRock Inc. boosted its holdings in Huntsman by 0.4% during the first quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock worth $475,358,000 after buying an additional 47,739 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Huntsman by 9.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 14,250 shares of the basic materials company’s stock worth $565,000 after buying an additional 1,173 shares during the period. Institutional investors own 87.57% of the company’s stock.

Huntsman Trading Up 0.1 %

HUN opened at $25.06 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.85 and a debt-to-equity ratio of 0.44. Huntsman Co. has a twelve month low of $23.53 and a twelve month high of $37.13. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.71 and a beta of 1.12. The company has a 50-day simple moving average of $26.92 and a 200 day simple moving average of $28.37.

Huntsman (NYSE:HUN – Get Rating) last released its earnings results on Friday, May 5th. The basic materials company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Huntsman had a return on equity of 11.11% and a net margin of 5.11%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company earned $1.19 earnings per share. The company’s quarterly revenue was down 26.7% on a year-over-year basis. Analysts predict that Huntsman Co. will post 1.71 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a $0.2375 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Wednesday, June 14th. Huntsman’s payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

HUN has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of Huntsman from $28.00 to $24.00 in a research note on Sunday, May 7th. Vertical Research cut shares of Huntsman from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Huntsman from $31.00 to $29.00 in a research note on Monday, May 8th. VNET Group reiterated a “maintains” rating on shares of Huntsman in a report on Tuesday, May 9th. Finally, Wells Fargo & Company cut their price objective on Huntsman from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Huntsman has a consensus rating of “Hold” and an average price target of $29.33.

Huntsman Profile

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Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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