Advisors Asset Management Inc. Boosts Stock Holdings in Huntsman Co. (NYSE:HUN)

Advisors Asset Management Inc. grew its holdings in Huntsman Co. (NYSE:HUN) by 267.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 117,990 shares of the basic materials company’s stock after buying an additional 85,889 shares during the quarter. Advisors Asset Management Inc.’s holdings in Huntsman were worth $2,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Huntsman by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock valued at $151,599,000 after acquiring an additional 97,082 shares during the period. Millennium Management LLC raised its stake in shares of Huntsman by 5.2% during the 2nd quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock valued at $111,389,000 after purchasing an additional 243,821 shares during the period. 1832 Asset Management L.P. lifted its holdings in Huntsman by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock worth $100,536,000 after purchasing an additional 1,547,344 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Huntsman by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after purchasing an additional 203,396 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Huntsman by 52.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction on 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 SEC, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HUN shares. JPMorgan Chase & Co. decreased their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Wells Fargo & Company lowered their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group reduced their target price on 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 issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and an average target price of $25.75.

Huntsman Price Performance

Shares of Huntsman stock opened at $19.73 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. Huntsman Co. has a 52-week low of $19.11 and a 52-week high of $27.01. The company has a fifty day moving average of $22.25 and a 200-day moving average of $22.68. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of -28.59 and a beta of 1.02.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The business 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 of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.07%. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

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.