SCHEDULE 13G/A: BlackRock Amends Huntsman Corp Stake, Discloses 6.1% Beneficial Ownership

Sentiment:

Beneficial Ownership Report


BlackRock, Inc. has filed an amended Schedule 13G, reporting a 6.1% beneficial ownership stake in Huntsman Corp's common stock as of March 31, 2025.

Summary

  • BlackRock, Inc. filed an Amendment No. 7 to Schedule 13G regarding its beneficial ownership in Huntsman Corp.
  • As of March 31, 2025, BlackRock, Inc. beneficially owns 10,653,137 shares of Huntsman Corp's Common Stock.
  • This aggregate amount represents 6.1% of the class of securities.
  • BlackRock, Inc. holds sole voting power over 9,874,296 shares and sole dispositive power over 10,653,137 shares.
  • The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Huntsman Corp.
  • Various BlackRock subsidiaries and affiliates are identified as entities that may beneficially own shares, including BlackRock Life Limited, BlackRock Advisors, LLC, and BlackRock Institutional Trust Company, National Association.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of beneficial ownership by a major institutional investor, indicating continued, stable investment in Huntsman Corp without intent to influence control. This is generally a neutral to slightly positive signal for the issuer.

Positives

  • The filing indicates a stable, significant institutional investment by BlackRock, Inc. in Huntsman Corp.
  • BlackRock's statement that the shares are held in the ordinary course of business and not for control purposes suggests a passive, long-term investment approach, which can be viewed positively by the market.

Risks

  • The document explicitly states that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating the risk of an activist investor seeking to force changes.

Future Outlook

This Schedule 13G filing is a historical report of beneficial ownership and does not contain forward-looking statements or guidance regarding Huntsman Corp's future performance or BlackRock's future investment intentions beyond the stated purpose of holding shares in the ordinary course of business.

Management Comments

  • "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ยงยง 240.14a-11." (Certification by Spencer Fleming, Managing Director, BlackRock, Inc.)

Industry Context

This filing reflects a routine disclosure by BlackRock, a global asset management firm, of its significant passive stake in Huntsman Corp, a global manufacturer and marketer of differentiated chemicals. Such institutional holdings are common in the chemicals industry, indicating ongoing investor interest in established companies within the sector.

Stakeholder Impact

  • Shareholders: Provides transparency regarding a significant institutional holder's stake and its passive investment intent.
  • Management: Confirms a large, stable institutional investor without an intent to influence control, which can provide stability.

Key Dates

DateDescription
01/21/2025Date of execution of the Power of Attorney by BlackRock, Inc.
03/31/2025Date of event which requires filing of this statement (beneficial ownership snapshot date).
04/24/2025Date of signature on the Schedule 13G filing by BlackRock, Inc.

Recommendation

hold

Keywords

BlackRock, Huntsman Corp, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Asset Management, Chemicals Industry

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