Peter Huntsman Acquires 100,000 Shares of Huntsman (NYSE:HUN) Stock

Huntsman Corporation (NYSE:HUN) CEO Peter Huntsman acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $9.81 per share, with a total value of $981,000.00. Following the acquisition, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Huntsman Price Performance

Shares of HUN opened at $10.42 on Wednesday. The company has a market cap of $1.83 billion, a P/E ratio of -10.02 and a beta of 0.70. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The company has a quick ratio of 0.75, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average price is $12.48 and its 200 day moving average price is $12.79.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.4%. Huntsman’s dividend payout ratio is currently -33.65%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in Huntsman by 166.7% during the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares during the last quarter. Advisory Services Network LLC acquired a new position in Huntsman in the third quarter valued at approximately $58,000. Caitong International Asset Management Co. Ltd increased its stake in Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 3,706 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Huntsman by 1,005.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 5,925 shares in the last quarter. Finally, Platinum Investment Management Ltd. purchased a new stake in shares of Huntsman during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUN shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 target price on shares of Huntsman in a report on Tuesday, May 19th. Wall Street Zen upgraded Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada reduced their price target on Huntsman from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday. Morgan Stanley lifted their price objective on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Citigroup boosted their price objective on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.83.

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.