Huntsman Co. (NYSE:HUN) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC reduced its holdings in shares of Huntsman Co. (NYSE:HUNFree Report) by 11.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,344 shares of the basic materials company’s stock after selling 2,790 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Huntsman were worth $562,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in shares of Huntsman in the 1st quarter valued at approximately $30,000. GeoWealth Management LLC purchased a new position in shares of Huntsman in the first quarter worth $49,000. Gyon Technologies Capital Management LP acquired a new stake in shares of Huntsman during the fourth quarter worth $56,000. Tower Research Capital LLC TRC increased its position in shares of Huntsman by 611.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,511 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 2,158 shares during the period. Finally, Worth Asset Management LLC purchased a new position in Huntsman in the 1st quarter worth $89,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 0.2 %

Shares of Huntsman stock opened at $25.99 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $25.07 and its 200-day simple moving average is $24.59. The stock has a market cap of $4.50 billion, a P/E ratio of 49.04 and a beta of 1.12. Huntsman Co. has a 1-year low of $22.14 and a 1-year high of $29.90.

Huntsman (NYSE:HUNGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Huntsman had a return on equity of 1.92% and a net margin of 1.65%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm earned $0.04 EPS. The firm’s revenue was down 15.0% on a year-over-year basis. Analysts predict that Huntsman Co. will post 0.53 EPS for the current fiscal year.

Huntsman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, March 14th. This is a positive change from Huntsman’s previous quarterly dividend of $0.24. Huntsman’s payout ratio is presently 188.68%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HUN. The Goldman Sachs Group increased their price objective on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, March 5th. Stifel Nicolaus dropped their target price on Huntsman from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley reissued an “equal weight” rating and set a $28.00 price target on shares of Huntsman in a report on Monday, December 11th. Wells Fargo & Company raised shares of Huntsman from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $32.00 in a report on Friday, February 23rd. Finally, Royal Bank of Canada lifted their price target on Huntsman from $20.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.55.

Get Our Latest Report on HUN

Huntsman Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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