Commerce Bank Sells 34,922 Shares of Huntsman Co. (NYSE:HUN)

Commerce Bank cut its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 63.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,092 shares of the basic materials company's stock after selling 34,922 shares during the period. Commerce Bank's holdings in Huntsman were worth $362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HUN. Wealth Enhancement Advisory Services LLC raised its holdings in Huntsman by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company's stock worth $686,000 after purchasing an additional 674 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after buying an additional 956 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Huntsman by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company's stock valued at $571,000 after buying an additional 1,212 shares in the last quarter. Mariner LLC grew its stake in shares of Huntsman by 10.0% during the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock valued at $244,000 after acquiring an additional 1,233 shares during the period. Finally, EMC Capital Management increased its holdings in Huntsman by 21.5% in the 4th quarter. EMC Capital Management now owns 10,288 shares of the basic materials company's stock worth $185,000 after acquiring an additional 1,821 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada increased their price target on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Mizuho lowered their price target on Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Huntsman currently has a consensus rating of "Hold" and an average price target of $17.67.

Huntsman Stock Down 1.4 %

Shares of HUN opened at $12.90 on Thursday. The business's 50 day simple moving average is $15.63 and its 200-day simple moving average is $18.07. Huntsman Co. has a 1 year low of $11.86 and a 1 year high of $25.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -11.73 and a beta of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, equities analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman's payout ratio is -90.91%.

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.

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