US Bancorp DE Has $33.46 Million Holdings in Huntsman Corporation $HUN

US Bancorp DE lessened its holdings in shares of Huntsman Corporation (NYSE:HUN) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,211,080 shares of the basic materials company’s stock after selling 2,960 shares during the period. US Bancorp DE owned 1.85% of Huntsman worth $33,459,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HUN. Hexagon Capital Partners LLC lifted its holdings in shares of Huntsman by 177.9% during the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 1,395 shares during the period. Byrne Asset Management LLC bought a new position in Huntsman during the second quarter worth $44,000. Caitong International Asset Management Co. Ltd raised its stake in Huntsman by 1,717.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after buying an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Huntsman during the first quarter worth $53,000. Finally, Strengthening Families & Communities LLC raised its stake in Huntsman by 1,966.7% during the first quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company’s stock worth $62,000 after buying an additional 3,717 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 6.6%

NYSE:HUN opened at $8.14 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The firm has a 50-day moving average of $10.02 and a 200-day moving average of $11.36. The company has a market cap of $1.41 billion, a PE ratio of -4.17 and a beta of 0.64. Huntsman Corporation has a one year low of $8.07 and a one year high of $24.13.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 12.3%. Huntsman’s payout ratio is presently -51.28%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HUN. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research note on Wednesday. Royal Bank Of Canada lowered their target price on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. The Goldman Sachs Group lowered their target price on shares of Huntsman from $12.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday, August 7th. UBS Group decreased their price target on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Wells Fargo & Company cut their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $11.70.

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.