Aquatic Capital Management LLC Boosts Stock Position in Huntsman Corporation $HUN

Aquatic Capital Management LLC raised its holdings in Huntsman Corporation (NYSE:HUN) by 223.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,684 shares of the basic materials company’s stock after buying an additional 357,662 shares during the period. Aquatic Capital Management LLC owned about 0.30% of Huntsman worth $4,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Entropy Technologies LP raised its position in shares of Huntsman by 453.9% during the 2nd quarter. Entropy Technologies LP now owns 107,649 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 88,215 shares in the last quarter. Impala Asset Management LLC boosted its holdings in Huntsman by 49.8% in the third quarter. Impala Asset Management LLC now owns 1,731,000 shares of the basic materials company’s stock valued at $15,544,000 after purchasing an additional 575,800 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Huntsman in the third quarter valued at approximately $799,000. Boston Partners increased its stake in Huntsman by 657.9% in the second quarter. Boston Partners now owns 982,508 shares of the basic materials company’s stock valued at $10,102,000 after purchasing an additional 852,877 shares during the last quarter. Finally, Regents Gate Capital LLP raised its holdings in Huntsman by 117.7% during the third quarter. Regents Gate Capital LLP now owns 463,137 shares of the basic materials company’s stock worth $4,159,000 after purchasing an additional 250,389 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HUN. Mizuho boosted their price objective on shares of Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “sell” rating and set a $13.00 price target on shares of Huntsman in a research note on Friday, February 20th. Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Wells Fargo & Company upped their price objective on shares of Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. Finally, UBS Group lifted their target price on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $12.41.

Huntsman Stock Down 1.9%

HUN stock opened at $11.81 on Tuesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -7.20 and a beta of 0.66. The company has a fifty day moving average price of $12.24 and a 200 day moving average price of $10.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $17.88.

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. Sell-side analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued 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 3.0%. Huntsman’s dividend payout ratio (DPR) is currently -21.34%.

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.