Radnor Capital Management LLC Trims Stake in Huntsman Co. (NYSE:HUN)

Radnor Capital Management LLC trimmed its position in Huntsman Co. (NYSE:HUN) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,731 shares of the basic materials company’s stock after selling 6,396 shares during the quarter. Radnor Capital Management LLC’s holdings in Huntsman were worth $644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Matrix Trust Co bought a new stake in shares of Huntsman in the third quarter valued at about $25,000. True Wealth Design LLC bought a new stake in shares of Huntsman in the 3rd quarter valued at about $62,000. Capital Performance Advisors LLP purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $78,000. Quarry LP boosted its stake in shares of Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Rossmore Private Capital purchased a new position in Huntsman during the third quarter valued at approximately $202,000. Institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

HUN has been the topic of several recent research reports. Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday. Morgan Stanley lowered their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday. Mizuho decreased their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price target 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. Finally, Royal Bank of Canada decreased their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Huntsman presently has an average rating of “Hold” and a consensus price target of $23.33.

Huntsman Trading Up 3.4 %

NYSE:HUN opened at $17.35 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $18.73 and a 200-day simple moving average of $21.13. Huntsman Co. has a 12 month low of $15.95 and a 12 month high of $27.01. The company has a market capitalization of $3.00 billion, a P/E ratio of -25.14 and a beta of 0.97.

Huntsman (NYSE:HUN) last issued its quarterly earnings results 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 company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.76%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Insiders Place Their Bets

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

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.