Sumitomo Mitsui Trust Group Inc. Buys 4,735 Shares of Huntsman Co. (NYSE:HUN)

Sumitomo Mitsui Trust Group Inc. boosted its position in Huntsman Co. (NYSE:HUN) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,454 shares of the basic materials company’s stock after purchasing an additional 4,735 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Huntsman were worth $1,778,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HUN. Butensky & Cohen Financial Security Inc. grew its stake in shares of Huntsman by 0.3% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock worth $3,474,000 after acquiring an additional 483 shares during the period. Seven Eight Capital LP boosted its position in Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 795 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Huntsman by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock valued at $951,000 after purchasing an additional 863 shares during the period. Matrix Trust Co purchased a new stake in shares of Huntsman during the 3rd quarter valued at approximately $25,000. Finally, Shayne & Jacobs LLC boosted its holdings in Huntsman by 1.2% in the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock worth $2,282,000 after buying an additional 1,140 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUN. JPMorgan Chase & Co. cut their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company decreased their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Finally, UBS Group lowered their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Huntsman Trading Down 0.6 %

Shares of Huntsman stock opened at $19.35 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a 1 year low of $19.14 and a 1 year high of $27.01. The firm has a market cap of $3.35 billion, a PE ratio of -28.04 and a beta of 1.02. The company has a 50 day simple moving average of $22.38 and a two-hundred day simple moving average of $22.76.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts expect that Huntsman Co. will post 0.11 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.17%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

About Huntsman

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.