Parallel Advisors LLC Buys 3,288 Shares of Huntsman Corporation $HUN

Parallel Advisors LLC lifted its stake in Huntsman Corporation (NYSE:HUN) by 70.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,975 shares of the basic materials company’s stock after acquiring an additional 3,288 shares during the quarter. Parallel Advisors LLC’s holdings in Huntsman were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HUN. Ameriprise Financial Inc. grew its stake in shares of Huntsman by 30.1% in the fourth quarter. Ameriprise Financial Inc. now owns 155,213 shares of the basic materials company’s stock worth $2,798,000 after acquiring an additional 35,949 shares during the period. Voloridge Investment Management LLC grew its position in Huntsman by 289.8% during the fourth quarter. Voloridge Investment Management LLC now owns 190,139 shares of the basic materials company’s stock valued at $3,428,000 after buying an additional 141,356 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Huntsman by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 597,715 shares of the basic materials company’s stock valued at $10,777,000 after buying an additional 81,481 shares during the period. Mackenzie Financial Corp grew its position in Huntsman by 150.2% during the fourth quarter. Mackenzie Financial Corp now owns 30,912 shares of the basic materials company’s stock valued at $557,000 after buying an additional 18,555 shares during the period. Finally, 111 Capital bought a new stake in Huntsman during the fourth quarter valued at approximately $239,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Stock Performance

HUN opened at $9.47 on Thursday. The firm has a market cap of $1.65 billion, a P/E ratio of -4.86 and a beta of 0.65. Huntsman Corporation has a 1-year low of $8.91 and a 1-year high of $25.12. The company has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $12.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85.

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

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman’s payout ratio is -51.28%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HUN. Jefferies Financial Group cut their target price on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. UBS Group cut their target price on shares of Huntsman from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Royal Bank Of Canada cut their target price on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company dropped their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. Finally, Citigroup dropped their price target on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.05.

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.