Harvest Investment Advisors LLC Increases Stock Holdings in Huntsman Co. (NYSE:HUN)

Harvest Investment Advisors LLC increased its stake in Huntsman Co. (NYSE:HUN) by 12.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 51,656 shares of the basic materials company’s stock after buying an additional 5,575 shares during the quarter. Harvest Investment Advisors LLC’s holdings in Huntsman were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Seven Eight Capital LP boosted its stake in Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock valued at $559,000 after buying an additional 795 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock valued at $951,000 after purchasing an additional 863 shares during the last quarter. Matrix Trust Co bought a new position in shares of Huntsman during the 3rd quarter valued at $25,000. Shayne & Jacobs LLC boosted its holdings in shares of Huntsman by 1.2% in the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock worth $2,282,000 after buying an additional 1,140 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Huntsman by 14.4% during the third quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 1,163 shares during the period. 84.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on HUN shares. Wells Fargo & Company dropped their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. UBS Group dropped their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their price objective on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.75.

Insider Transactions at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

Huntsman Stock Performance

NYSE HUN opened at $19.88 on Monday. The firm has a 50 day moving average of $21.60 and a two-hundred day moving average of $22.28. Huntsman Co. has a 52 week low of $19.11 and a 52 week high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 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 earnings per share for the quarter, meeting 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm posted $0.15 EPS. Huntsman’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Huntsman Co. will post 0.09 earnings per share for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.03%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

Huntsman 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.