Corient Private Wealth LLC Invests $540,000 in Huntsman Corporation $HUN

Corient Private Wealth LLC bought a new position in shares of Huntsman Corporation (NYSE:HUN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,956 shares of the basic materials company’s stock, valued at approximately $540,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC boosted its holdings in shares of Huntsman by 223.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 517,684 shares of the basic materials company’s stock valued at $4,649,000 after buying an additional 357,662 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Huntsman by 81.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 293,500 shares of the basic materials company’s stock worth $2,636,000 after acquiring an additional 132,000 shares in the last quarter. Cambria Investment Management L.P. lifted its position in Huntsman by 71.6% in the third quarter. Cambria Investment Management L.P. now owns 706,492 shares of the basic materials company’s stock valued at $6,344,000 after acquiring an additional 294,793 shares during the last quarter. SG Americas Securities LLC boosted its stake in Huntsman by 61.9% in the fourth quarter. SG Americas Securities LLC now owns 3,377,627 shares of the basic materials company’s stock valued at $33,776,000 after acquiring an additional 1,291,407 shares in the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Huntsman in the fourth quarter valued at $1,001,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Price Performance

Shares of NYSE:HUN opened at $10.80 on Friday. Huntsman Corporation has a one year low of $7.30 and a one year high of $16.08. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -5.63 and a beta of 0.69. The company has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $12.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. On average, analysts predict that Huntsman Corporation will post -0.24 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.0875 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.2%. Huntsman’s dividend payout ratio (DPR) is -18.23%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HUN shares. Wells Fargo & Company lifted their target price on Huntsman from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America boosted their price objective on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Finally, Citigroup raised their target price on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and a consensus target price of $13.75.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.