Huntsman Corporation $HUN Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Huntsman Corporation (NYSE:HUN) by 77.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,387 shares of the basic materials company’s stock after buying an additional 121,199 shares during the quarter. Sei Investments Co. owned approximately 0.16% of Huntsman worth $3,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Union Bancaire Privee UBP SA purchased a new position in shares of Huntsman during the 1st quarter worth approximately $2,632,000. BNP Paribas Financial Markets grew its holdings in Huntsman by 236.2% during the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock valued at $11,826,000 after buying an additional 830,828 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Huntsman during the fourth quarter worth $1,001,000. Vanguard Group Inc. increased its position in Huntsman by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after buying an additional 1,523,590 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Huntsman by 5.8% in the fourth quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock worth $57,052,000 after acquiring an additional 311,312 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUN has been the topic of several recent research reports. Bank of America upped their price objective on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Jefferies Financial Group set a $16.00 price target on shares of Huntsman in a report on Friday, July 31st. The Goldman Sachs Group set a $12.00 price objective on shares of Huntsman in a research report on Thursday, July 16th. Finally, UBS Group decreased their target price on shares of Huntsman from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus price target of $12.83.

Insiders Place Their Bets

In other news, CEO Peter R. Huntsman bought 100,000 shares of Huntsman stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Huntsman Price Performance

Huntsman stock opened at $10.15 on Friday. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.33. The firm has a 50 day moving average price of $12.28 and a 200 day moving average price of $12.76. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -9.76 and a beta of 0.70.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s dividend payout ratio (DPR) is -33.65%.

About Huntsman

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.