197,748 Shares in Huntsman Corporation $HUN Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Huntsman Corporation (NYSE:HUN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 197,748 shares of the basic materials company’s stock, valued at approximately $2,632,000.

Several other large investors have also bought and sold shares of HUN. Strategic Advocates LLC acquired a new position in Huntsman during the 3rd quarter worth about $27,000. Advisory Services Network LLC acquired a new stake in shares of Huntsman in the third quarter valued at about $58,000. Caitong International Asset Management Co. Ltd raised its position in shares of Huntsman by 121.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Huntsman by 1,005.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 5,925 shares during the period. Finally, Platinum Investment Management Ltd. acquired a new position in shares of Huntsman in the fourth quarter worth approximately $68,000. 84.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

HUN has been the subject of a number of recent analyst reports. Mizuho raised shares of Huntsman from an “underperform” rating to a “neutral” rating and increased their target price for the company from $10.00 to $14.00 in a research report on Tuesday, June 16th. Royal Bank Of Canada upped their price objective on shares of Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Citigroup boosted their target price on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.58.

Huntsman Stock Up 1.0%

Huntsman stock opened at $11.44 on Friday. The company has a market capitalization of $2.01 billion, a PE ratio of -5.96 and a beta of 0.64. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $16.08. The firm’s fifty day moving average is $13.94 and its 200 day moving average is $12.59. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Huntsman Corporation will post -0.25 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s dividend payout ratio is -18.23%.

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.