Huntsman Corporation $HUN Shares Sold by Comerica Bank

Comerica Bank reduced its position in Huntsman Corporation (NYSE:HUN) by 53.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,506 shares of the basic materials company’s stock after selling 8,682 shares during the quarter. Comerica Bank’s holdings in Huntsman were worth $119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC grew its holdings in shares of Huntsman by 177.9% during the first 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 last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Huntsman by 1,717.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Huntsman during the first quarter valued at approximately $53,000. Strengthening Families & Communities LLC grew its holdings in shares of Huntsman by 1,966.7% during the first quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of 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 valued at $64,000 after purchasing an additional 3,917 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Price Performance

Shares of NYSE:HUN opened at $10.81 on Thursday. Huntsman Corporation has a one year low of $8.91 and a one year high of $25.12. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $12.48. The company has a market capitalization of $1.88 billion, a PE ratio of -5.54 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. Huntsman’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, equities analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman’s dividend payout ratio is presently -51.28%.

Analysts Set New Price Targets

Several equities analysts have recently commented on HUN shares. Citigroup lowered their target price on Huntsman from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Mizuho lowered their target price on Huntsman from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Royal Bank Of Canada decreased their price objective on Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Jefferies Financial Group decreased their price objective on Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on Huntsman from $12.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Huntsman currently has an average rating of “Hold” and a consensus price target of $12.25.

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.