JPMorgan Chase & Co. Sells 144,221 Shares of Huntsman Co. (NYSE:HUN)

JPMorgan Chase & Co. lessened its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 37.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,308 shares of the basic materials company's stock after selling 144,221 shares during the period. JPMorgan Chase & Co. owned 0.14% of Huntsman worth $5,743,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Millennium Management LLC raised its stake in Huntsman by 5.2% during the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company's stock valued at $111,389,000 after buying an additional 243,821 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Huntsman by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock worth $100,536,000 after purchasing an additional 1,547,344 shares during the last quarter. State Street Corp raised its position in shares of Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company's stock worth $79,905,000 after purchasing an additional 70,382 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Huntsman by 1.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company's stock worth $73,937,000 after purchasing an additional 31,883 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Huntsman by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company's stock valued at $62,538,000 after purchasing an additional 40,330 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HUN shares. Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. Mizuho decreased their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday. Alembic Global Advisors cut Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday. Finally, UBS Group lowered their price target on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. One 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $23.33.

Huntsman Stock Performance

Shares of HUN traded up $0.47 during trading hours on Friday, hitting $17.88. The stock had a trading volume of 4,500,918 shares, compared to its average volume of 2,988,220. The firm has a market capitalization of $3.09 billion, a PE ratio of -25.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a 12 month low of $15.95 and a 12 month high of $27.01. The stock has a fifty day moving average price of $18.61 and a 200 day moving average price of $21.07.

Huntsman (NYSE:HUN - Get Free Report) last released 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 firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that Huntsman Co. will post 0.08 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.59%. Huntsman's payout ratio is presently -144.93%.

Insider Transactions at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.10% of the company's stock.

Huntsman Company 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.