Diversified Trust Co Invests $2.18 Million in Huntsman Co. (NYSE:HUN)

Diversified Trust Co bought a new position in Huntsman Co. (NYSE:HUN) during the 2nd quarter, Holdings Channel.com reports. The firm bought 95,722 shares of the basic materials company’s stock, valued at approximately $2,180,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HUN. Butensky & Cohen Financial Security Inc. lifted its position in Huntsman by 0.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock valued at $3,474,000 after buying an additional 483 shares during the period. Dumont & Blake Investment Advisors LLC raised its position in shares of Huntsman by 1.7% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 30,817 shares of the basic materials company’s stock worth $802,000 after purchasing an additional 505 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 521 shares in the last quarter. GAMMA Investing LLC boosted its stake in Huntsman by 44.0% in the 1st quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 646 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Huntsman by 4.0% during the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock valued at $446,000 after buying an additional 653 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada cut their price objective on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group dropped their target price on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.56.

Huntsman Trading Up 0.0 %

Shares of NYSE HUN traded up $0.01 during midday trading on Wednesday, hitting $20.40. The company’s stock had a trading volume of 105,108 shares, compared to its average volume of 1,925,218. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $22.76 and its two-hundred day moving average is $24.15. Huntsman Co. has a 12-month low of $19.91 and a 12-month high of $28.36. The firm has a market cap of $3.53 billion, a P/E ratio of -39.21 and a beta of 1.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. As a group, equities research analysts expect that Huntsman Co. will post 0.33 EPS for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.90%. Huntsman’s payout ratio is currently -192.31%.

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.