Huntsman Co. (NYSE:HUN) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 59.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,915,112 shares of the basic materials company's stock after selling 2,756,166 shares during the quarter. Stifel Financial Corp owned about 1.11% of Huntsman worth $46,346,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Seven Eight Capital LP grew its position in Huntsman by 3.3% during 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 stake in shares of Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company's stock worth $951,000 after acquiring an additional 863 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of Huntsman in the 3rd quarter worth approximately $25,000. Shayne & Jacobs LLC increased its stake in Huntsman by 1.2% in the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock valued at $2,282,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Huntsman by 14.4% during the third quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company's stock worth $224,000 after purchasing an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Trading Down 1.0 %

Shares of Huntsman stock traded down $0.20 during mid-day trading on Friday, hitting $19.88. 2,424,012 shares of the stock were exchanged, compared to its average volume of 2,021,571. The company has a 50-day simple moving average of $21.60 and a 200 day simple moving average of $22.30. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -28.81 and a beta of 0.97. Huntsman Co. has a twelve month low of $19.11 and a twelve month high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting 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 analysts' expectations of $1.55 billion. During the same period in the previous year, the company earned $0.15 EPS. Huntsman's revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Huntsman Co. will post 0.09 EPS for the current 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 paid a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.03%. Huntsman's payout ratio is currently -144.93%.

Insider Buying and Selling

In other news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HUN. Wells Fargo & Company lowered their target price on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada increased their price objective 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. Finally, UBS Group cut their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.75.

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.