FORA Capital LLC Buys Shares of 11,773 Huntsman Co. (NYSE:HUN)

FORA Capital LLC purchased a new stake in shares of Huntsman Co. (NYSE:HUN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 11,773 shares of the basic materials company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in Huntsman during the second quarter valued at approximately $2,180,000. AQR Capital Management LLC boosted its stake in shares of Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the last quarter. Boston Partners bought a new stake in shares of Huntsman during the 1st quarter valued at $793,000. First Eagle Investment Management LLC increased its stake in shares of Huntsman by 14.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 654,064 shares of the basic materials company’s stock worth $14,893,000 after purchasing an additional 81,109 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Huntsman by 97.2% in the 2nd quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock worth $9,403,000 after purchasing an additional 203,662 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Insider Transactions at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

Huntsman Price Performance

HUN stock opened at $19.58 on Friday. The company has a market capitalization of $3.39 billion, a PE ratio of -28.38 and a beta of 1.02. The company’s fifty day moving average price is $22.04 and its 200-day moving average price is $22.53. Huntsman Co. has a one year low of $19.11 and a one year high of $27.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s payout ratio is -144.93%.

Wall Street Analyst Weigh In

A number of analysts have commented on HUN shares. Royal Bank of Canada upped their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. 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 research note on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. 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 equities research 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, Huntsman currently has an average rating of “Hold” and an average price target of $25.75.

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.