Diversified Trust Co lowered its position in Huntsman Co. (NYSE:HUN - Free Report) by 36.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,088 shares of the basic materials company's stock after selling 34,634 shares during the quarter. Diversified Trust Co's holdings in Huntsman were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. 1832 Asset Management L.P. raised its position in shares of Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company's stock worth $74,652,000 after buying an additional 2,531,800 shares in the last quarter. Wellington Management Group LLP raised its holdings in Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company's stock worth $79,198,000 after purchasing an additional 1,359,437 shares in the last quarter. AQR Capital Management LLC lifted its position in Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock worth $32,138,000 after purchasing an additional 1,124,113 shares during the period. Victory Capital Management Inc. boosted its stake in Huntsman by 52.4% during 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 purchasing an additional 811,099 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Huntsman during the 1st quarter valued at $10,523,000. Institutional investors own 84.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on HUN. JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on Huntsman from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Citigroup decreased their target price on Huntsman from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reduced their target price on Huntsman from $30.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, August 8th. Finally, UBS Group dropped their price target on Huntsman from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $25.56.
Check Out Our Latest Analysis on HUN
Huntsman Stock Up 1.0 %
Shares of HUN traded up $0.23 during trading hours on Wednesday, reaching $23.51. The company's stock had a trading volume of 1,798,288 shares, compared to its average volume of 1,922,667. The company has a 50 day moving average of $22.10 and a two-hundred day moving average of $23.38. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of -44.79 and a beta of 1.00. Huntsman Co. has a 1-year low of $19.91 and a 1-year high of $27.01.
Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. Huntsman's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. As a group, research analysts predict that Huntsman Co. will post 0.2 EPS for the current fiscal year.
Huntsman Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, September 13th. Huntsman's dividend payout ratio is -192.31%.
Huntsman Profile
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Free Report)
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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