Kintayl Capital LP Takes Position in Huntsman Corporation $HUN

Kintayl Capital LP acquired a new stake in shares of Huntsman Corporation (NYSE:HUN) in the second quarter, HoldingsChannel reports. The fund acquired 357,799 shares of the basic materials company’s stock, valued at approximately $3,800,000. Huntsman makes up about 1.5% of Kintayl Capital LP’s investment portfolio, making the stock its 19th biggest holding.

A number of other large investors have also recently bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of Huntsman by 20.8% during the first quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after purchasing an additional 9,720 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after purchasing an additional 1,052,127 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Huntsman by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after purchasing an additional 1,581 shares during the period. Focus Partners Wealth bought a new position in Huntsman during the 1st quarter worth $680,000. Finally, Prudential Financial Inc. grew its stake in Huntsman by 34.5% during the 2nd quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock worth $148,000 after buying an additional 3,655 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Insider Transactions at Huntsman

In related news, CEO Peter R. Huntsman purchased 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the transaction, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HUN shares. UBS Group cut their target price on Huntsman from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada dropped their price objective on shares of Huntsman from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 3rd. Morgan Stanley boosted their target price on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Bank of America upped their target price on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned 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, Huntsman currently has a consensus rating of “Hold” and an average target price of $12.50.

Huntsman Trading Down 0.5%

NYSE:HUN opened at $9.56 on Wednesday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -9.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The business has a fifty day moving average of $11.08 and a 200-day moving average of $12.61.

Huntsman Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Huntsman’s dividend payout ratio is currently -33.65%.

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.