Diversified Trust Co. Buys Shares of 56,683 Huntsman Corporation $HUN

Diversified Trust Co. purchased a new stake in Huntsman Corporation (NYSE:HUN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 56,683 shares of the basic materials company’s stock, valued at approximately $567,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Huntsman by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after buying an additional 1,581 shares during the period. AMG National Trust Bank boosted its stake in Huntsman by 1.1% during the third quarter. AMG National Trust Bank now owns 162,513 shares of the basic materials company’s stock worth $1,459,000 after buying an additional 1,769 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Huntsman by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock valued at $800,000 after acquiring an additional 2,008 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Huntsman by 104.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares during the period. Finally, Strategic Advocates LLC purchased a new stake in shares of Huntsman in the 3rd quarter valued at approximately $27,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUN has been the subject of a number of research analyst reports. Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada boosted their target price on Huntsman from $13.00 to $14.00 and gave the company a “sector perform” rating in a research report on Thursday, February 19th. Wells Fargo & Company upped their price target on Huntsman from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group restated a “sell” rating and set a $13.00 price target on shares of Huntsman in a research report on Friday, February 20th. Finally, Mizuho lifted their price objective on Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.41.

Huntsman Stock Up 0.7%

Huntsman stock opened at $12.64 on Friday. The firm has a market capitalization of $2.20 billion, a P/E ratio of -7.71 and a beta of 0.66. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. Huntsman Corporation has a twelve month low of $7.30 and a twelve month high of $16.08. The stock’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $10.52.

Huntsman (NYSE:HUN) last released its earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted ($0.25) earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.8%. Huntsman’s payout ratio is currently -21.34%.

Huntsman 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.