Concentric Capital Strategies LP Purchases 144,544 Shares of Huntsman Co. (NYSE:HUN)

Concentric Capital Strategies LP raised its position in Huntsman Co. (NYSE:HUN) by 253.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,569 shares of the basic materials company’s stock after buying an additional 144,544 shares during the quarter. Concentric Capital Strategies LP owned about 0.12% of Huntsman worth $4,878,000 at the end of the most recent quarter.

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

Insider Buying and Selling

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 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. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HUN. UBS Group reduced their price target 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. JPMorgan Chase & Co. cut their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, 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 report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Huntsman Price Performance

Shares of NYSE:HUN opened at $19.58 on Monday. The business has a fifty day simple moving average of $21.98 and a 200 day simple moving average of $22.46. Huntsman Co. has a 12-month low of $19.11 and a 12-month high of $27.01. The firm has a market cap of $3.39 billion, a P/E ratio of -28.38 and a beta of 1.02. 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 posted 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. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts predict that Huntsman Co. will post 0.09 earnings per share 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

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.