UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 516,234 shares of the basic materials company's stock after selling 31,152 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Huntsman worth $12,493,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Matrix Trust Co purchased a new position in Huntsman in the third quarter valued at approximately $25,000. nVerses Capital LLC boosted its holdings 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 worth $61,000 after buying an additional 2,500 shares during the period. Innealta Capital LLC bought a new stake in Huntsman during the 2nd quarter valued at $65,000. Capital Performance Advisors LLP purchased a new stake in shares of Huntsman during the third quarter worth $78,000. Finally, Quarry LP grew its position in shares of Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 1,441 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
Insider Transactions at Huntsman
In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on HUN shares. Wells Fargo & Company dropped their price objective on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. UBS Group decreased their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their price target on shares of Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Huntsman currently has a consensus rating of "Hold" and an average target price of $25.75.
Check Out Our Latest Research Report on HUN
Huntsman Price Performance
Shares of HUN traded down $0.20 during midday trading on Friday, reaching $19.88. The stock had a trading volume of 2,424,012 shares, compared to its average volume of 2,021,571. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of -28.81 and a beta of 0.97. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. Huntsman Co. has a 12-month low of $19.11 and a 12-month high of $27.01. The company's 50-day moving average is $21.60 and its 200 day moving average is $22.30.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $0.15 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Huntsman Co. will post 0.09 EPS for the current fiscal year.
Huntsman Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.03%. Huntsman's payout ratio is -144.93%.
About Huntsman
(
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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