Captrust Financial Advisors Grows Stock Position in Huntsman Co. (NYSE:HUN)

Captrust Financial Advisors raised its holdings in shares of Huntsman Co. (NYSE:HUN) by 47.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,263 shares of the basic materials company’s stock after purchasing an additional 10,064 shares during the period. Captrust Financial Advisors’ holdings in Huntsman were worth $757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Huntsman by 1,273.8% during the 2nd quarter. CWM LLC now owns 10,015 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 9,286 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Huntsman in the second quarter worth $238,000. Shayne & Jacobs LLC lifted its position in shares of Huntsman by 4.1% in the second quarter. Shayne & Jacobs LLC now owns 93,176 shares of the basic materials company’s stock valued at $2,122,000 after acquiring an additional 3,690 shares in the last quarter. Washington Capital Management Inc. lifted its position in shares of Huntsman by 25.6% in the second quarter. Washington Capital Management Inc. now owns 19,600 shares of the basic materials company’s stock valued at $446,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Huntsman by 42.2% during the second quarter. Pallas Capital Advisors LLC now owns 31,833 shares of the basic materials company’s stock valued at $747,000 after acquiring an additional 9,452 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. UBS Group reduced their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.75.

Huntsman Stock Performance

Shares of HUN stock opened at $19.71 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -28.56 and a beta of 0.97. Huntsman Co. has a one year low of $19.11 and a one year high of $27.01. The company has a 50 day moving average price of $21.43 and a 200 day moving average price of $22.21.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Insider Transactions at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.10% of the company’s stock.

About Huntsman

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.