Shayne & Jacobs LLC Sells 6,060 Shares of Huntsman Co. (NYSE:HUN)

Shayne & Jacobs LLC decreased its stake in Huntsman Co. (NYSE:HUN) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,256 shares of the basic materials company’s stock after selling 6,060 shares during the quarter. Shayne & Jacobs LLC’s holdings in Huntsman were worth $1,591,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HUN. R Squared Ltd bought a new stake in shares of Huntsman during the fourth quarter worth $40,000. True Wealth Design LLC acquired a new stake in shares of Huntsman in the third quarter valued at approximately $62,000. Capital Performance Advisors LLP bought a new position in Huntsman in the 3rd quarter valued at $78,000. Rossmore Private Capital bought a new stake in shares of Huntsman during the third quarter worth $202,000. Finally, MidWestOne Financial Group Inc. acquired a new position in shares of Huntsman during the third quarter valued at $203,000. 84.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on HUN. Royal Bank of Canada upped their target price on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Mizuho cut their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Huntsman currently has a consensus rating of “Hold” and an average price target of $21.63.

Huntsman Price Performance

Shares of NYSE:HUN opened at $17.68 on Wednesday. The company has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $20.05. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman Co. has a twelve month low of $15.67 and a twelve month high of $27.01. The firm has a market capitalization of $3.06 billion, a PE ratio of -16.07 and a beta of 0.95.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Equities analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Friday, March 14th. Huntsman’s payout ratio is currently -90.91%.

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.