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

Anchor Capital Advisors LLC cut its holdings in shares of Huntsman Co. (NYSE:HUN) by 11.6% during the first quarter, Holdings Channel.com reports. The fund owned 18,216 shares of the basic materials company’s stock after selling 2,395 shares during the period. Anchor Capital Advisors LLC’s holdings in Huntsman were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Huntsman during the 4th quarter worth $43,761,000. Victory Capital Management Inc. raised its holdings in shares of Huntsman by 6,496.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company’s stock valued at $36,637,000 after buying an additional 1,435,782 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after acquiring an additional 1,359,437 shares during the period. Wells Fargo & Company MN raised its position in Huntsman by 644.0% in the fourth quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock worth $9,516,000 after acquiring an additional 448,270 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Huntsman in the first quarter worth $10,523,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Stock Up 0.8 %

NYSE HUN traded up $0.19 during trading hours on Monday, hitting $22.74. 527,711 shares of the company traded hands, compared to its average volume of 1,906,340. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. The business’s 50-day moving average is $23.83 and its 200-day moving average is $24.43. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -43.73 and a beta of 1.01. Huntsman Co. has a twelve month low of $21.41 and a twelve month high of $29.90.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. Sell-side analysts anticipate that Huntsman Co. will post 0.38 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HUN. Royal Bank of Canada boosted their target price on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 7th. Wells Fargo & Company reduced their price target on Huntsman from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup dropped their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $22.00 to $27.00 in a research note on Friday, June 7th. Finally, UBS Group decreased their price target on Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman has a consensus rating of “Hold” and an average target price of $26.50.

Huntsman Company Profile

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.