Hotchkis & Wiley Capital Management LLC Purchases 539,990 Shares of Huntsman Co. (NYSE:HUN)

Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 295.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 722,990 shares of the basic materials company's stock after acquiring an additional 539,990 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.42% of Huntsman worth $17,496,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Matrix Trust Co acquired a new stake in shares of Huntsman in the third quarter worth $25,000. nVerses Capital LLC boosted its position in shares of Huntsman by 1,250.0% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock worth $61,000 after buying an additional 2,500 shares during the period. True Wealth Design LLC acquired a new stake in shares of Huntsman in the third quarter worth $62,000. Innealta Capital LLC acquired a new stake in shares of Huntsman in the second quarter worth $65,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Huntsman in the third quarter worth $78,000. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Up 2.2 %

NYSE HUN traded up $0.44 during trading on Wednesday, hitting $20.25. 3,811,226 shares of the company traded hands, compared to its average volume of 1,916,869. 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 business has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $22.37. The company has a market capitalization of $3.50 billion, a P/E ratio of -29.34 and a beta of 0.97. Huntsman Co. has a 12 month low of $19.11 and a 12 month high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates 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 firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. As a group, sell-side analysts predict that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio (DPR) is presently -144.93%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by company 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.