Huntsman Co. (NYSE:HUN) Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of Huntsman Co. (NYSE:HUN) by 49.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,783 shares of the basic materials company’s stock after purchasing an additional 10,582 shares during the period. Empowered Funds LLC’s holdings in Huntsman were worth $769,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HUN. 1832 Asset Management L.P. boosted its position in Huntsman by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock worth $100,536,000 after purchasing an additional 1,547,344 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after buying an additional 1,124,113 shares during the period. Victory Capital Management Inc. grew its stake in Huntsman by 52.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after acquiring an additional 811,099 shares during the period. Marshall Wace LLP increased its holdings in Huntsman by 45.0% in the 2nd quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company’s stock worth $27,634,000 after acquiring an additional 376,423 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Huntsman by 203.2% during the second quarter. Canada Pension Plan Investment Board now owns 462,100 shares of the basic materials company’s stock worth $10,522,000 after acquiring an additional 309,700 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HUN shares. Wells Fargo & Company decreased their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. UBS Group decreased their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their price objective on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.75.

Huntsman Price Performance

HUN stock opened at $19.73 on Friday. The business has a 50 day simple moving average of $22.25 and a 200-day simple moving average of $22.68. The company has a market capitalization of $3.41 billion, a P/E ratio of -28.59 and a beta of 1.02. Huntsman Co. has a twelve month low of $19.11 and a twelve month high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.07%. Huntsman’s dividend payout ratio (DPR) is presently -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.