Huntsman Co. (NYSE:HUN) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC cut its stake in shares of Huntsman Co. (NYSE:HUN) by 24.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,384 shares of the basic materials company’s stock after selling 1,455 shares during the period. Strengthening Families & Communities LLC’s holdings in Huntsman were worth $106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HUN. Diversified Trust Co purchased a new stake in Huntsman in the second quarter valued at approximately $2,180,000. Acadian Asset Management LLC raised its holdings in shares of Huntsman by 1,052.7% in the 1st quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company’s stock valued at $5,449,000 after buying an additional 191,272 shares during the period. 1832 Asset Management L.P. lifted its stake in Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after acquiring an additional 2,531,800 shares in the last quarter. AQR Capital Management LLC lifted 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 worth $32,138,000 after acquiring an additional 1,124,113 shares in the last quarter. Finally, Boston Partners purchased a new position in Huntsman during the 1st quarter valued at about $793,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntsman

In other Huntsman 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company’s stock.

Huntsman Stock Performance

NYSE:HUN opened at $19.47 on Tuesday. Huntsman Co. has a 12 month low of $19.14 and a 12 month high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The firm has a market capitalization of $3.37 billion, a PE ratio of -28.22 and a beta of 1.02. The business’s fifty day moving average price is $22.46 and its 200 day moving average price is $22.84.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. On average, sell-side analysts anticipate that Huntsman Co. will post 0.11 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Friday, December 13th. Huntsman’s payout ratio is -144.93%.

Analyst Upgrades and Downgrades

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

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.