Huntsman Co. (NYSE:HUN) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its holdings in shares of Huntsman Co. (NYSE:HUN) by 43.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,163 shares of the basic materials company’s stock after selling 21,223 shares during the period. Quadrature Capital Ltd’s holdings in Huntsman were worth $657,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Matrix Trust Co acquired a new position in shares of Huntsman during the 3rd quarter worth $25,000. True Wealth Design LLC acquired a new position in Huntsman during the third quarter worth about $62,000. nVerses Capital LLC increased its holdings in Huntsman by 1,250.0% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after buying an additional 2,500 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Huntsman during the 2nd quarter valued at approximately $65,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Huntsman during the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HUN. Royal Bank of Canada raised their price objective on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company dropped their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group decreased their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.75.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Huntsman Stock Down 1.0 %

Shares of NYSE:HUN opened at $19.88 on Monday. The company has a market capitalization of $3.44 billion, a P/E ratio of -28.81 and a beta of 0.97. The stock’s fifty day simple moving average is $21.60 and its 200-day simple moving average is $22.28. Huntsman Co. has a 52-week low of $19.11 and a 52-week high of $27.01. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, equities research analysts forecast that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.03%. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.