Huntsman Co. (NYSE:HUN) Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lessened its holdings in shares of Huntsman Co. (NYSE:HUN) by 49.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 97,145 shares of the basic materials company’s stock after selling 93,400 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.06% of Huntsman worth $2,212,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HUN. Wells Fargo & Company MN boosted its position in Huntsman by 644.0% during the 4th quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock worth $9,516,000 after acquiring an additional 448,270 shares during the period. Hsbc Holdings PLC raised its stake in shares of Huntsman by 85.6% in the 4th quarter. Hsbc Holdings PLC now owns 126,318 shares of the basic materials company’s stock worth $3,192,000 after buying an additional 58,274 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Huntsman by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 75,009 shares of the basic materials company’s stock worth $1,885,000 after buying an additional 730 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Huntsman by 591.3% in the 4th quarter. 1832 Asset Management L.P. now owns 336,120 shares of the basic materials company’s stock worth $8,447,000 after buying an additional 287,500 shares in the last quarter. Finally, Harvest Investment Advisors LLC raised its stake in shares of Huntsman by 2.0% in the 4th quarter. Harvest Investment Advisors LLC now owns 44,360 shares of the basic materials company’s stock worth $1,115,000 after buying an additional 879 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Down 1.5 %

Shares of Huntsman stock opened at $24.19 on Tuesday. Huntsman Co. has a 12-month low of $19.91 and a 12-month high of $27.01. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4.18 billion, a PE ratio of -46.51 and a beta of 1.00. The stock’s fifty day moving average is $22.05 and its 200-day moving average is $23.44.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. Huntsman’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Huntsman Co. will post 0.2 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.13%. Huntsman’s dividend payout ratio is -192.31%.

Analyst Ratings Changes

A number of analysts have recently commented on HUN shares. Citigroup dropped their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Wells Fargo & Company dropped their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada dropped their price objective on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group cut their target price on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntsman currently has a consensus rating of “Hold” and a consensus price target of $25.56.

About Huntsman

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.