Huntsman Co. (NYSE:HUN) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 52.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,083 shares of the basic materials company's stock after selling 255,000 shares during the quarter. Royce & Associates LP owned about 0.13% of Huntsman worth $5,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUN. Butensky & Cohen Financial Security Inc. boosted its position in shares of Huntsman by 0.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company's stock worth $3,474,000 after buying an additional 483 shares during the period. Seven Eight Capital LP boosted its position in shares of Huntsman by 3.3% in the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company's stock worth $559,000 after buying an additional 795 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Huntsman by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company's stock worth $951,000 after buying an additional 863 shares during the period. Matrix Trust Co purchased a new stake in shares of Huntsman in the third quarter worth about $25,000. Finally, Shayne & Jacobs LLC boosted its position in shares of Huntsman by 1.2% in the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock worth $2,282,000 after buying an additional 1,140 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Performance

NYSE:HUN traded down $0.12 during trading hours on Tuesday, reaching $19.35. 1,587,484 shares of the stock were exchanged, compared to its average volume of 1,912,178. 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 firm has a 50 day simple moving average of $22.38 and a 200-day simple moving average of $22.76. Huntsman Co. has a 52 week low of $19.14 and a 52 week high of $27.01. The stock has a market capitalization of $3.35 billion, a P/E ratio of -28.04 and a beta of 1.02.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, sell-side analysts forecast that Huntsman Co. will post 0.11 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio is currently -144.93%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. UBS Group reduced their price target on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Royal Bank of Canada increased their price target on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Finally, Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. One equities 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.75.

Insider Buying and Selling at Huntsman

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

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.