Mitsubishi UFJ Trust & Banking Corp Acquires New Holdings in Huntsman Corporation $HUN

Mitsubishi UFJ Trust & Banking Corp bought a new position in Huntsman Corporation (NYSE:HUN) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 92,631 shares of the basic materials company’s stock, valued at approximately $832,000. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Huntsman at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUN. Naples Global Advisors LLC grew its holdings in shares of Huntsman by 43.2% in the third quarter. Naples Global Advisors LLC now owns 60,967 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 18,378 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Huntsman during the 3rd quarter valued at about $134,000. Arkadios Wealth Advisors increased its position in shares of Huntsman by 84.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 101,061 shares of the basic materials company’s stock valued at $908,000 after purchasing an additional 46,170 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of Huntsman in the 3rd quarter worth approximately $140,000. Finally, Inspire Advisors LLC boosted its holdings in shares of Huntsman by 29.0% in the third quarter. Inspire Advisors LLC now owns 280,296 shares of the basic materials company’s stock worth $2,517,000 after buying an additional 63,047 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on HUN shares. The Goldman Sachs Group upped their target price on shares of Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a report on Thursday, December 4th. Mizuho raised their target price on Huntsman from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Thursday, December 18th. UBS Group boosted their price target on Huntsman from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, January 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Huntsman in a research note on Monday, December 22nd. Finally, Alembic Global Advisors set a $11.00 price objective on Huntsman in a research note on Monday, October 27th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $11.00.

Huntsman Price Performance

Shares of Huntsman stock opened at $10.82 on Friday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5.69 and a beta of 0.68. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $10.66 and its 200-day simple moving average is $9.98. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $18.53.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.0875 per share. The ex-dividend date was Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.2%. Huntsman’s dividend payout ratio is currently -18.42%.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.