32,938 Shares in Huntsman Co. (NYSE:HUN) Purchased by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in Huntsman Co. (NYSE:HUN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 32,938 shares of the basic materials company’s stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. raised its holdings in shares of 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 valued at $100,536,000 after buying an additional 1,547,344 shares during the last quarter. AQR Capital Management LLC raised its stake in 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 valued at $32,138,000 after acquiring an additional 1,124,113 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Huntsman during the 3rd quarter worth $27,045,000. Hotchkis & Wiley Capital Management LLC grew its stake 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 purchasing an additional 539,990 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Huntsman by 45.0% during the second quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company’s stock valued at $27,634,000 after purchasing an additional 376,423 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Trading Down 0.0 %

NYSE:HUN opened at $17.39 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman Co. has a 1-year low of $15.95 and a 1-year high of $27.01. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -25.20 and a beta of 0.97. The stock has a fifty day simple moving average of $18.66 and a 200 day simple moving average of $21.10.

Huntsman (NYSE:HUN) last released its quarterly earnings results 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 net margin of 1.99% and a negative return on equity of 0.03%. The business 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 business earned $0.15 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Huntsman Co. will post 0.08 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.75%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HUN. Mizuho decreased their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their target price on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Insider Activity

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Huntsman 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.