Commerce Bank Decreases Position in Huntsman Co. (NYSE:HUN)

Commerce Bank lowered its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 78.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,014 shares of the basic materials company's stock after selling 203,797 shares during the period. Commerce Bank's holdings in Huntsman were worth $1,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. grew 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 worth $100,536,000 after buying an additional 1,547,344 shares in the last quarter. AQR Capital Management LLC raised its holdings in Huntsman by 383.0% in 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 during the last quarter. Victory Capital Management Inc. raised its holdings in Huntsman by 52.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock valued at $53,701,000 after acquiring an additional 811,099 shares during the last quarter. Marshall Wace LLP grew its position in shares of Huntsman by 45.0% in 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 in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Huntsman by 203.2% in the second quarter. Canada Pension Plan Investment Board now owns 462,100 shares of the basic materials company's stock valued at $10,522,000 after purchasing an additional 309,700 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is owned by corporate insiders.

Huntsman Trading Up 1.1 %

NYSE:HUN traded up $0.21 on Monday, reaching $19.94. 2,495,795 shares of the company's stock were exchanged, compared to its average volume of 1,909,721. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of -28.90 and a beta of 1.02. Huntsman Co. has a 52-week low of $19.11 and a 52-week high of $27.01. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $22.25 and a 200-day moving average of $22.65.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the company posted $0.15 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. As a group, analysts expect that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.02%. Huntsman's dividend payout ratio (DPR) is -144.93%.

Analysts Set New Price Targets

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