Huntsman Co. (NYSE:HUN) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Huntsman Co. (NYSE:HUNGet Rating) by 43.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,335 shares of the basic materials company’s stock after selling 55,330 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Huntsman were worth $2,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ellevest Inc. boosted its holdings in shares of Huntsman by 369.0% in the first quarter. Ellevest Inc. now owns 802 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 631 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in shares of Huntsman in the first quarter valued at approximately $38,000. CWM LLC boosted its holdings in shares of Huntsman by 45.3% in the first quarter. CWM LLC now owns 1,136 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 354 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Huntsman in the fourth quarter valued at approximately $41,000. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of Huntsman by 53.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,331 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 462 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America cut shares of Huntsman from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $45.00 to $34.00 in a report on Tuesday, June 14th. Wells Fargo & Company reduced their target price on shares of Huntsman from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntsman from $40.00 to $35.00 in a report on Wednesday, August 3rd. UBS Group cut shares of Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a report on Wednesday, August 3rd. Finally, Citigroup reduced their target price on shares of Huntsman from $35.00 to $34.00 in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.23.

Huntsman Trading Down 1.0 %

Huntsman stock opened at $27.10 on Tuesday. The company has a 50 day moving average price of $29.15 and a 200 day moving average price of $33.63. Huntsman Co. has a 52 week low of $25.02 and a 52 week high of $41.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 2.12. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 4.66, a P/E/G ratio of 1.08 and a beta of 1.15.

Huntsman (NYSE:HUNGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.14. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue was up 16.7% on a year-over-year basis. Research analysts forecast that Huntsman Co. will post 4.35 EPS for the current year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.2125 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.85 dividend on an annualized basis and a yield of 3.14%. Huntsman’s payout ratio is 14.63%.

Insiders Place Their Bets

In related news, Director Curtis E. Espeland bought 15,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $30.18 per share, for a total transaction of $452,700.00. Following the transaction, the director now directly owns 18,533 shares in the company, valued at $559,325.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Curtis E. Espeland bought 15,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $30.18 per share, for a total transaction of $452,700.00. Following the transaction, the director now directly owns 18,533 shares in the company, valued at $559,325.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David M. Stryker purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were acquired at an average price of $29.90 per share, for a total transaction of $299,000.00. Following the acquisition, the vice president now directly owns 341,614 shares in the company, valued at approximately $10,214,258.60. The disclosure for this purchase can be found here. Insiders own 6.40% of the company’s stock.

Huntsman Profile

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Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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