Shayne & Jacobs LLC Buys New Stake in Huntsman Co. (NYSE:HUN)

Shayne & Jacobs LLC bought a new position in Huntsman Co. (NYSE:HUNFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 93,233 shares of the basic materials company’s stock, valued at approximately $2,275,000. Huntsman accounts for approximately 0.8% of Shayne & Jacobs LLC’s holdings, making the stock its 19th biggest position.

Several other large investors have also made changes to their positions in HUN. American Century Companies Inc. increased its holdings in Huntsman by 33.6% in the 1st quarter. American Century Companies Inc. now owns 27,472 shares of the basic materials company’s stock valued at $1,030,000 after purchasing an additional 6,907 shares in the last quarter. HighTower Advisors LLC increased its holdings in Huntsman by 42.3% in the 1st 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 in the last quarter. MetLife Investment Management LLC acquired a new stake in Huntsman in the 1st quarter valued at $155,000. BlackRock Inc. increased its holdings in Huntsman by 0.4% in the 1st quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock valued at $475,358,000 after purchasing an additional 47,739 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Huntsman by 9.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 14,250 shares of the basic materials company’s stock valued at $565,000 after purchasing an additional 1,173 shares in the last quarter. 83.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Bank of America upgraded Huntsman from an “underperform” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, October 18th. JPMorgan Chase & Co. lowered their target price on Huntsman from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. Royal Bank of Canada lowered their target price on Huntsman from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, January 22nd. Stifel Nicolaus lowered their target price on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group lowered their target price on Huntsman from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.30.

Check Out Our Latest Analysis on HUN

Huntsman Stock Up 1.1 %

Shares of HUN stock traded up $0.26 during trading hours on Tuesday, hitting $24.08. 1,001,741 shares of the company were exchanged, compared to its average volume of 1,867,864. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.88. Huntsman Co. has a one year low of $22.14 and a one year high of $32.85. The business’s 50-day simple moving average is $24.67 and its two-hundred day simple moving average is $25.27. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 51.80 and a beta of 1.13.

Huntsman Profile

(Free Report)

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates through 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.

Further Reading

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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