M&T Bank Corp Raises Stock Position in Huntsman Corporation (NYSE:HUN)

M&T Bank Corp boosted its stake in shares of Huntsman Corporation (NYSE:HUN) by 14.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,052 shares of the basic materials company’s stock after purchasing an additional 4,584 shares during the period. M&T Bank Corp’s holdings in Huntsman were worth $585,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its stake in shares of Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 1,395 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 956 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Huntsman in the 4th quarter valued at $60,000. Versant Capital Management Inc raised its position in Huntsman by 2,388.4% during the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 3,917 shares during the period. Finally, Quarry LP acquired a new position in Huntsman during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

HUN has been the topic of several analyst reports. UBS Group reduced their target price on shares of Huntsman from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, July 9th. Mizuho lowered their target price on shares of Huntsman from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank Of Canada lowered their target price on shares of Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company lowered shares of Huntsman from an “overweight” rating to a “reduce” rating in a research report on Monday, May 5th. Finally, Wall Street Zen lowered shares of Huntsman from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.17.

Huntsman Stock Down 2.6%

Shares of NYSE:HUN opened at $11.06 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. Huntsman Corporation has a 1 year low of $10.13 and a 1 year high of $25.12. The stock has a market capitalization of $1.92 billion, a P/E ratio of -12.15 and a beta of 0.70. The stock has a 50-day simple moving average of $11.38 and a 200-day simple moving average of $14.34.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. Huntsman’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. Equities analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.04%. The ex-dividend date was Friday, June 13th. Huntsman’s dividend payout ratio is currently -109.89%.

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.