Huntsman Co. (NYSE:HUN) Shares Acquired by Matrix Trust Co

Matrix Trust Co increased its stake in Huntsman Co. (NYSE:HUN) by 853.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,661 shares of the basic materials company’s stock after buying an additional 8,648 shares during the period. Matrix Trust Co’s holdings in Huntsman were worth $174,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HUN. True Wealth Design LLC acquired a new stake in shares of Huntsman in the third quarter worth approximately $62,000. Capital Performance Advisors LLP acquired a new stake in shares of Huntsman in the third quarter worth approximately $78,000. Quarry LP boosted its position in shares of Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 1,441 shares during the last quarter. Rossmore Private Capital acquired a new stake in shares of Huntsman in the third quarter worth approximately $202,000. Finally, MidWestOne Financial Group Inc. acquired a new stake in shares of Huntsman in the third quarter worth approximately $203,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Trading Down 1.9 %

HUN opened at $16.20 on Monday. The firm has a market capitalization of $2.80 billion, a P/E ratio of -23.48 and a beta of 0.97. The firm’s 50 day moving average is $18.98 and its 200-day moving average is $21.25. Huntsman Co. has a 52-week low of $15.95 and a 52-week high of $27.01. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. Analysts expect that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.17%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HUN shares. Mizuho cut their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. UBS Group cut their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Royal Bank of Canada cut their price target on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. Citigroup cut their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.75.

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.