ING Groep NV Invests $5.32 Million in Huntsman Co. (NYSE:HUN)

ING Groep NV bought a new position in shares of Huntsman Co. (NYSE:HUN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 219,700 shares of the basic materials company’s stock, valued at approximately $5,317,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new position in Huntsman during the 3rd quarter worth approximately $25,000. nVerses Capital LLC grew its position in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,500 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Huntsman in the 2nd quarter valued at $65,000. Capital Performance Advisors LLP purchased a new stake in Huntsman in the 3rd quarter valued at $78,000. Finally, Quarry LP boosted its stake in Huntsman by 64.8% during the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 1,441 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Insider Activity

In other Huntsman 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 value of $432,705.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. UBS Group lowered their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada upped their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.75.

Huntsman Trading Up 1.3 %

Shares of HUN opened at $19.55 on Friday. The stock’s fifty day simple moving average is $22.46 and its 200 day simple moving average is $22.85. Huntsman Co. has a twelve month low of $19.14 and a twelve month high of $27.01. 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 firm has a market capitalization of $3.38 billion, a P/E ratio of -28.33 and a beta of 1.02.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. Huntsman’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities research analysts forecast that Huntsman Co. will post 0.11 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend yield of 5.12%. Huntsman’s payout ratio is currently -144.93%.

Huntsman Company 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.