Huntsman Corporation $HUN Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC lifted its holdings in Huntsman Corporation (NYSE:HUN) by 223.5% during the third quarter, Holdings Channel reports. The institutional investor owned 517,684 shares of the basic materials company’s stock after purchasing an additional 357,662 shares during the quarter. Aquatic Capital Management LLC’s holdings in Huntsman were worth $4,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. purchased a new stake in shares of Huntsman during the 3rd quarter worth $33,000. GAMMA Investing LLC lifted its stake in shares of Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 2,015 shares during the period. Strengthening Families & Communities LLC boosted its holdings in Huntsman by 2,182.0% during the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after buying an additional 4,124 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in Huntsman by 986.0% during the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,906 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in Huntsman by 1,101.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,265 shares of the basic materials company’s stock worth $74,000 after buying an additional 7,577 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HUN shares. Royal Bank Of Canada lifted their price target on shares of Huntsman from $13.00 to $14.00 and gave the company a “sector perform” rating in a research report on Thursday, February 19th. Mizuho lifted their price objective on Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $14.00 in a research report on Thursday, February 19th. The Goldman Sachs Group reissued a “sell” rating and issued a $13.00 target price on shares of Huntsman in a report on Friday, February 20th. Finally, Alembic Global Advisors upgraded Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $12.41.

Huntsman Trading Down 1.9%

Shares of Huntsman stock opened at $11.81 on Tuesday. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $17.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78. The business has a 50 day moving average price of $12.24 and a 200 day moving average price of $10.47. The company has a market capitalization of $2.05 billion, a P/E ratio of -7.20 and a beta of 0.66.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.08). Huntsman had a negative return on equity of 3.97% and a negative net margin of 5.00%.The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business posted ($0.25) EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Sell-side analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.35 annualized dividend and a yield of 3.0%. Huntsman’s payout ratio is presently -21.34%.

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.