Keybank National Association OH Buys Shares of 55,192 Huntsman Co. (HUN)

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Keybank National Association OH bought a new position in Huntsman Co. (NYSE:HUN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,192 shares of the basic materials company’s stock, valued at approximately $1,241,000.

Several other institutional investors and hedge funds have also made changes to their positions in HUN. Lindbrook Capital LLC acquired a new position in Huntsman during the 4th quarter worth $26,000. Oppenheimer Asset Management Inc. acquired a new position in Huntsman during the 4th quarter worth $27,000. IFP Advisors Inc lifted its holdings in Huntsman by 30.5% during the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after buying an additional 484 shares in the last quarter. First Interstate Bank lifted its holdings in Huntsman by 215.6% during the 4th quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,503 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in Huntsman during the 1st quarter worth $54,000. 76.21% of the stock is currently owned by institutional investors and hedge funds.

HUN stock opened at $18.80 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83. The firm has a market capitalization of $4.38 billion, a PE ratio of 5.63, a P/E/G ratio of 0.80 and a beta of 2.20. Huntsman Co. has a twelve month low of $17.58 and a twelve month high of $33.55.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, June 13th. Huntsman’s dividend payout ratio (DPR) is currently 19.46%.

HUN has been the topic of several research reports. Zacks Investment Research downgraded Huntsman from a “hold” rating to a “sell” rating in a report on Monday, February 4th. JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Wednesday, February 13th. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Royal Bank of Canada reduced their price objective on Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, Barclays set a $21.00 price objective on Huntsman and gave the stock a “sell” rating in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Huntsman has an average rating of “Hold” and a consensus price target of $30.05.

In related news, insider Scott J. Wright purchased 4,950 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of $20.22 per share, with a total value of $100,089.00. Following the purchase, the insider now directly owns 33,922 shares in the company, valued at approximately $685,902.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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