Huntsman Co. (NYSE:HUN) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Huntsman Co. (NYSE:HUN) by 35.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,217 shares of the basic materials company’s stock after buying an additional 45,197 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Huntsman worth $4,626,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HUN. McIlrath & Eck LLC boosted its holdings in shares of Huntsman by 84.3% in the first quarter. McIlrath & Eck LLC now owns 901 shares of the basic materials company’s stock worth $25,000 after buying an additional 412 shares during the period. Quintet Private Bank Europe S.A. bought a new position in Huntsman during the first quarter worth $27,000. Caldwell Sutter Capital Inc. bought a new position in Huntsman during the second quarter worth $27,000. Brown Brothers Harriman & Co. bought a new position in Huntsman during the first quarter worth $30,000. Finally, Parkside Financial Bank & Trust increased its position in Huntsman by 143.5% during the first quarter. Parkside Financial Bank & Trust now owns 1,288 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 759 shares during the period. Institutional investors and hedge funds own 83.44% of the company’s stock.

Huntsman Stock Performance

Shares of HUN stock opened at $24.91 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.88. The company has a market capitalization of $4.34 billion, a P/E ratio of 54.14 and a beta of 1.13. The company’s 50 day moving average price is $24.02 and its two-hundred day moving average price is $25.81. Huntsman Co. has a 52 week low of $22.14 and a 52 week high of $33.46.

Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.56 billion. Huntsman had a return on equity of 2.90% and a net margin of 1.27%. The business’s quarterly revenue was down 25.1% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. On average, analysts expect that Huntsman Co. will post 0.56 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.2375 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.95 annualized dividend and a dividend yield of 3.81%. Huntsman’s dividend payout ratio is presently 206.52%.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. UBS Group decreased their price target on shares of Huntsman from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. TheStreet downgraded shares of Huntsman from a “b-” rating to a “c+” rating in a research note on Monday, September 11th. StockNews.com initiated coverage on shares of Huntsman in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada reduced their target price on shares of Huntsman from $26.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman presently has a consensus rating of “Hold” and an average price target of $26.27.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates through 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.