Huntsman Corporation $HUN Shares Bought by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of Huntsman Corporation (NYSE:HUN) by 21.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,015 shares of the basic materials company’s stock after purchasing an additional 55,693 shares during the period. Citigroup Inc. owned about 0.18% of Huntsman worth $2,802,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock worth $892,000 after purchasing an additional 9,720 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Huntsman by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after buying an additional 1,052,127 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Huntsman by 0.3% during the first 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 worth $9,463,000 after buying an additional 1,581 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Huntsman during the first quarter worth approximately $680,000. Finally, Teacher Retirement System of Texas raised its holdings in Huntsman by 21.7% in the second quarter. Teacher Retirement System of Texas now owns 77,204 shares of the basic materials company’s stock valued at $804,000 after acquiring an additional 13,780 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of Huntsman from $13.00 to $14.00 and gave the company a “sector perform” rating in a research report on Thursday, February 19th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 price objective on shares of Huntsman in a research report on Friday, February 20th. Citigroup increased their target price on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Alembic Global Advisors upgraded Huntsman from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Zacks Research raised Huntsman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntsman presently has an average rating of “Reduce” and a consensus target price of $12.41.

Huntsman Stock Down 8.9%

HUN opened at $11.43 on Friday. Huntsman Corporation has a one year low of $7.30 and a one year high of $17.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. The stock has a market capitalization of $1.99 billion, a P/E ratio of -6.97 and a beta of 0.66. The business’s 50-day simple moving average is $12.01 and its 200-day simple moving average is $10.41.

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

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, March 13th. Huntsman’s dividend payout ratio is -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.