Corient Private Wealth LLC Invests $540,000 in Huntsman Corporation $HUN

Corient Private Wealth LLC acquired a new stake in Huntsman Corporation (NYSE:HUN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 53,956 shares of the basic materials company’s stock, valued at approximately $540,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HUN. NewEdge Advisors LLC boosted its holdings in Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after acquiring an additional 9,720 shares during the period. Goldman Sachs Group Inc. increased its stake in Huntsman by 97.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $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 lifted its position in shares of Huntsman by 0.3% during the first 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 worth $9,463,000 after purchasing an additional 1,581 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Huntsman during the first quarter worth about $680,000. Finally, Prudential Financial Inc. boosted its stake in shares of Huntsman by 34.5% in the second quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 3,655 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

HUN has been the topic of several recent research reports. Wells Fargo & Company upped their target price on shares of Huntsman from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price target on shares of Huntsman in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America upped their price objective on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley increased their price objective on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.75.

Huntsman Stock Down 0.1%

Shares of NYSE:HUN opened at $10.80 on Friday. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The firm’s 50 day moving average price is $13.65 and its 200 day moving average price is $12.60. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -5.63 and a beta of 0.69.

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 the consensus estimate 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 company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted ($0.11) EPS. The firm’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts predict that Huntsman Corporation will post -0.24 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.0875 per share. The ex-dividend date was Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.2%. Huntsman’s payout ratio is presently -18.23%.

Huntsman Company 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.