State Street Corp Has $79.91 Million Holdings in Huntsman Co. (NYSE:HUN)

State Street Corp grew its position in Huntsman Co. (NYSE:HUN) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,301,850 shares of the basic materials company’s stock after purchasing an additional 70,382 shares during the quarter. State Street Corp owned about 1.91% of Huntsman worth $79,905,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HUN. Matrix Trust Co bought a new position in Huntsman during the third quarter worth about $25,000. True Wealth Design LLC bought a new position in shares of Huntsman during the third quarter worth approximately $62,000. nVerses Capital LLC raised its position in shares of 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 bought a new stake in shares of Huntsman in the second quarter valued at approximately $65,000. Finally, Capital Performance Advisors LLP acquired a new stake in Huntsman during the third quarter worth approximately $78,000. Institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HUN shares. Royal Bank of Canada lifted their price objective on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. UBS Group dropped their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.43.

Insider Activity at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman 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 document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Huntsman Stock Performance

Huntsman stock opened at $18.57 on Wednesday. The stock has a market cap of $3.21 billion, a PE ratio of -26.90 and a beta of 0.97. 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 Co. has a 12-month low of $18.41 and a 12-month high of $27.01. The business’s 50-day moving average price is $21.04 and its two-hundred day moving average price is $22.05.

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

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is -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.