Huntsman Co. (NYSE:HUN) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 44.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,613 shares of the basic materials company's stock after selling 50,387 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Huntsman were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HUN. Fidelis Capital Partners LLC purchased a new stake in shares of Huntsman in the first quarter valued at about $45,000. Quarry LP purchased a new stake in Huntsman in the fourth quarter valued at approximately $52,000. GAMMA Investing LLC grew its stake in shares of Huntsman by 44.0% in the first quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company's stock valued at $55,000 after buying an additional 646 shares in the last quarter. nVerses Capital LLC grew its position in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Huntsman during the second quarter worth about $65,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HUN. Wells Fargo & Company cut their target price on shares of Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Citigroup cut their price target on Huntsman from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada lowered their price objective on Huntsman from $30.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th. UBS Group cut their target price on Huntsman from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.56.

Huntsman Stock Performance

Shares of NYSE:HUN traded down $0.89 during trading on Tuesday, reaching $23.29. The company had a trading volume of 2,923,960 shares, compared to its average volume of 1,923,309. Huntsman Co. has a fifty-two week low of $19.91 and a fifty-two week high of $27.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The stock's fifty day moving average price is $22.11 and its 200 day moving average price is $23.39. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -46.50 and a beta of 1.00.

Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. As a group, equities research analysts predict that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. Huntsman's dividend payout ratio (DPR) is -192.31%.

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.