Huntsman Co. (NYSE:HUN) Position Lessened by Stifel Financial Corp

Stifel Financial Corp reduced its position in Huntsman Co. (NYSE:HUN) by 59.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,112 shares of the basic materials company’s stock after selling 2,756,166 shares during the period. Stifel Financial Corp’s holdings in Huntsman were worth $46,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUN. 1832 Asset Management L.P. lifted its stake in Huntsman by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock valued at $100,536,000 after acquiring an additional 1,547,344 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after purchasing an additional 1,124,113 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Huntsman during the third quarter worth $27,045,000. Victory Capital Management Inc. raised its holdings in Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Huntsman by 295.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company’s stock worth $17,496,000 after buying an additional 539,990 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.60% of the company’s stock.

Huntsman Price Performance

Shares of NYSE:HUN opened at $19.88 on Friday. The business’s 50 day moving average is $21.60 and its 200-day moving average is $22.30. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.44 billion, a PE ratio of -28.81 and a beta of 0.97. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.03%. Huntsman’s dividend payout ratio is -144.93%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.75.

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.