Kelleher Financial Advisors Has $368,000 Stock Holdings in Huntsman Co. (NYSE:HUN)

Kelleher Financial Advisors cut its holdings in Huntsman Co. (NYSE:HUN) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,405 shares of the basic materials company’s stock after selling 737 shares during the quarter. Kelleher Financial Advisors’ holdings in Huntsman were worth $368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Matrix Trust Co acquired a new position in shares of Huntsman in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC acquired a new position in shares of Huntsman in the 3rd quarter valued at approximately $62,000. Capital Performance Advisors LLP acquired a new position in shares of Huntsman in the 3rd quarter valued at approximately $78,000. Quarry LP lifted its stake in Huntsman by 64.8% in the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Rossmore Private Capital bought a new stake in Huntsman in the 3rd quarter valued at approximately $202,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Price Performance

HUN stock opened at $17.50 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a 1-year low of $15.95 and a 1-year high of $27.01. The business’s 50 day simple moving average is $18.49 and its 200 day simple moving average is $20.97.

Huntsman (NYSE:HUN) last posted its 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 analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. As a group, analysts expect that Huntsman Co. will post 0.08 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Friday, December 13th. Huntsman’s dividend payout ratio is -144.93%.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HUN shares. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Citigroup cut their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho dropped their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada dropped their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntsman has an average rating of “Hold” and an average target price of $23.33.

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.