Cibc World Market Inc. Lowers Holdings in Huntsman Co. (NYSE:HUN)

Cibc World Market Inc. decreased its stake in Huntsman Co. (NYSE:HUNGet Rating) by 34.3% during the second quarter, Holdings Channel reports. The institutional investor owned 12,174 shares of the basic materials company’s stock after selling 6,365 shares during the quarter. Cibc World Market Inc.’s holdings in Huntsman were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HUN. Pinnacle Associates Ltd. boosted its position in Huntsman by 6.9% during the second quarter. Pinnacle Associates Ltd. now owns 7,700 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 500 shares in the last quarter. Stephens Inc. AR boosted its position in Huntsman by 5.7% during the first quarter. Stephens Inc. AR now owns 9,757 shares of the basic materials company’s stock worth $366,000 after purchasing an additional 528 shares in the last quarter. Argent Capital Management LLC boosted its position in Huntsman by 0.6% during the second quarter. Argent Capital Management LLC now owns 94,626 shares of the basic materials company’s stock worth $2,683,000 after purchasing an additional 552 shares in the last quarter. Yousif Capital Management LLC boosted its position in Huntsman by 6.4% during the first quarter. Yousif Capital Management LLC now owns 9,531 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 575 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Huntsman by 60.0% during the first quarter. Capital Advisors Ltd. LLC now owns 1,758 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley reduced their target price on Huntsman from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, November 14th. UBS Group cut Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a report on Wednesday, August 3rd. Citigroup increased their target price on Huntsman from $29.00 to $31.00 and gave the company a “buy” rating in a report on Sunday, November 6th. Scotiabank cut Huntsman from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $36.00 to $30.00 in a report on Monday, November 7th. Finally, JPMorgan Chase & Co. cut Huntsman from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $30.00 to $25.00 in a report on Tuesday, September 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.20.

Huntsman Price Performance

NYSE:HUN opened at $28.57 on Thursday. Huntsman Co. has a one year low of $23.53 and a one year high of $41.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 2.00. The stock has a market cap of $5.49 billion, a PE ratio of 5.32, a P/E/G ratio of 1.36 and a beta of 1.14. The stock has a 50 day moving average price of $26.40 and a 200 day moving average price of $29.13.

Huntsman (NYSE:HUNGet Rating) last issued its quarterly earnings data on Friday, November 4th. The basic materials company reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Huntsman had a return on equity of 19.94% and a net margin of 12.66%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. Equities research analysts expect that Huntsman Co. will post 3.49 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a $0.2125 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.85 annualized dividend and a yield of 2.98%. Huntsman’s payout ratio is 15.83%.

Huntsman Company Profile

(Get Rating)

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.

Read More

Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUNGet Rating).

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.