Sumitomo Mitsui Trust Holdings Inc. Has $1.57 Million Stock Holdings in Huntsman Co. (NYSE:HUN)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Huntsman Co. (NYSE:HUN) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,719 shares of the basic materials company’s stock after selling 8,093 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Huntsman were worth $1,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in shares of Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares during the period. GAMMA Investing LLC bought a new position in Huntsman in the fourth quarter worth approximately $36,000. Montag A & Associates Inc. bought a new position in Huntsman in the fourth quarter worth approximately $45,000. Fidelis Capital Partners LLC acquired a new stake in Huntsman in the first quarter valued at approximately $45,000. Finally, Quarry LP bought a new stake in shares of Huntsman during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUN. Citigroup cut their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reduced their price objective on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, UBS Group dropped their target price on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Huntsman currently has an average rating of “Hold” and an average target price of $25.56.

Huntsman Stock Performance

HUN stock opened at $21.00 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.63 billion, a PE ratio of -40.38 and a beta of 1.01. The business has a 50 day moving average of $22.30 and a 200-day moving average of $23.97. Huntsman Co. has a 12-month low of $19.91 and a 12-month high of $28.36.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, sell-side analysts expect that Huntsman Co. will post 0.33 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Friday, September 13th. Huntsman’s dividend payout ratio is -192.31%.

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.