Pallas Capital Advisors LLC Trims Stock Holdings in Huntsman Co. (NYSE:HUN)

Pallas Capital Advisors LLC lessened its position in shares of Huntsman Co. (NYSE:HUN) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,844 shares of the basic materials company’s stock after selling 9,386 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Huntsman were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HUN. Wealth Enhancement Advisory Services LLC lifted its stake in Huntsman by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after acquiring an additional 674 shares during the period. Seven Eight Capital LP raised its holdings in shares of Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Huntsman by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 863 shares during the last quarter. Matrix Trust Co acquired a new position in Huntsman during the third quarter valued at $25,000. Finally, Shayne & Jacobs LLC boosted its holdings in Huntsman by 1.2% in the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,140 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. 5.60% of the stock is currently owned by insiders.

Huntsman Trading Up 0.4 %

Shares of HUN stock opened at $16.77 on Wednesday. Huntsman Co. has a 1-year low of $15.95 and a 1-year high of $27.01. The company has a market cap of $2.90 billion, a price-to-earnings ratio of -24.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $18.80 and a 200-day simple moving average of $21.16.

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

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Friday, December 13th. Huntsman’s dividend payout ratio is presently -144.93%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reduced their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, December 19th. Citigroup decreased their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho dropped their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley decreased their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.33.

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.