Wilen Investment Management CORP. Grows Holdings in Huntsman Co. (NYSE:HUN)

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Wilen Investment Management CORP. grew its stake in shares of Huntsman Co. (NYSE:HUN) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 396,181 shares of the basic materials company’s stock after buying an additional 5,600 shares during the quarter. Huntsman comprises 6.7% of Wilen Investment Management CORP.’s holdings, making the stock its 4th biggest position. Wilen Investment Management CORP.’s holdings in Huntsman were worth $8,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in shares of Huntsman by 30.5% in the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 484 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Huntsman by 3.5% in the 1st quarter. Alps Advisors Inc. now owns 16,734 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 564 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Huntsman by 5.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,549 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 677 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Huntsman by 3.6% in the 1st quarter. CIBC Private Wealth Group LLC now owns 22,641 shares of the basic materials company’s stock worth $509,000 after purchasing an additional 784 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Huntsman by 67.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 931 shares during the period. Institutional investors and hedge funds own 76.15% of the company’s stock.

HUN traded down $0.41 on Friday, reaching $18.94. 664,529 shares of the company traded hands, compared to its average volume of 2,601,405. Huntsman Co. has a 52-week low of $17.33 and a 52-week high of $33.55. The company has a market capitalization of $4.42 billion, a PE ratio of 5.67, a PEG ratio of 0.81 and a beta of 2.27. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83.

Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.12 billion. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, equities analysts forecast that Huntsman Co. will post 2.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 3.43%. The ex-dividend date is Thursday, June 13th. Huntsman’s dividend payout ratio is 19.46%.

A number of research firms have recently issued reports on HUN. ValuEngine upgraded shares of Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. KeyCorp cut their price target on shares of Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Royal Bank of Canada cut their price target on shares of Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Barclays set a $21.00 price target on shares of Huntsman and gave the company a “sell” rating in a report on Tuesday, March 19th. Finally, Goldman Sachs Group upgraded shares of Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Huntsman has an average rating of “Hold” and an average target price of $28.85.

In other Huntsman news, VP David M. Stryker bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average cost of $19.01 per share, with a total value of $38,020.00. Following the completion of the transaction, the vice president now directly owns 179,930 shares of the company’s stock, valued at approximately $3,420,469.30. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott J. Wright bought 4,950 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average cost of $20.22 per share, with a total value of $100,089.00. Following the completion of the transaction, the insider now directly owns 33,922 shares of the company’s stock, valued at $685,902.84. The disclosure for this purchase can be found here. Insiders acquired 7,950 shares of company stock valued at $157,729 over the last three months. Insiders own 5.60% of the company’s stock.

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Huntsman Profile

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

See Also: Return on Investment (ROI)

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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