Comerica Bank Acquires 4,747 Shares of Huntsman Co. (NYSE:HUN)

Comerica Bank raised its holdings in shares of Huntsman Co. (NYSE:HUN) by 41.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,188 shares of the basic materials company’s stock after acquiring an additional 4,747 shares during the quarter. Comerica Bank’s holdings in Huntsman were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HUN. Wealth Enhancement Advisory Services LLC grew its stake in shares of Huntsman by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 674 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Huntsman during the 4th quarter worth approximately $594,000. Merit Financial Group LLC bought a new position in shares of Huntsman during the 4th quarter worth approximately $395,000. Nisa Investment Advisors LLC grew its stake in shares of Huntsman by 19.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 77,015 shares of the basic materials company’s stock worth $1,389,000 after acquiring an additional 12,400 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Huntsman during the 4th quarter worth approximately $3,827,000. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Up 2.3%

HUN stock opened at $12.67 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -11.52 and a beta of 0.82. The business’s fifty day moving average price is $14.03 and its two-hundred day moving average price is $16.82. Huntsman Co. has a fifty-two week low of $11.15 and a fifty-two week high of $25.78.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. On average, equities analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.89%. The ex-dividend date is Friday, June 13th. Huntsman’s payout ratio is -109.89%.

Wall Street Analyst Weigh In

HUN has been the subject of several recent analyst reports. Bank of America downgraded Huntsman from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Morgan Stanley cut their price target on Huntsman from $20.00 to $13.50 and set an “equal weight” rating for the company in a report on Monday, May 5th. Wells Fargo & Company downgraded Huntsman from an “overweight” rating to a “reduce” rating in a report on Monday, May 5th. UBS Group cut their price target on Huntsman from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Royal Bank of Canada cut their price target on Huntsman from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Huntsman currently has a consensus rating of “Hold” and an average target price of $15.00.

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.