Polar Asset Management Partners Inc. Takes Position in Huntsman Corporation $HUN

Polar Asset Management Partners Inc. bought a new position in Huntsman Corporation (NYSE:HUN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 389,045 shares of the basic materials company’s stock, valued at approximately $4,132,000. Polar Asset Management Partners Inc. owned approximately 0.22% of Huntsman as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HUN. BlackRock Inc. bought a new position in shares of Huntsman during the 2nd quarter valued at about $193,750,000. Vanguard Group Inc. boosted its stake in Huntsman by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after buying an additional 1,523,590 shares during the last quarter. AQR Capital Management LLC grew its holdings in Huntsman by 29.8% during the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock valued at $106,878,000 after buying an additional 2,772,563 shares in the last quarter. UBS Group AG increased its stake in Huntsman by 83.5% in the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after acquiring an additional 3,351,265 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Huntsman by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,687 shares of the basic materials company’s stock worth $69,697,000 after acquiring an additional 336,966 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntsman

In other Huntsman news, CEO Peter R. Huntsman acquired 100,000 shares of Huntsman stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average price of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HUN shares. Mizuho decreased their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Huntsman in a research report on Thursday, August 20th. UBS Group dropped their price target on Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Citigroup upped their price objective on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company dropped their target price on Huntsman from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Huntsman has an average rating of “Hold” and a consensus target price of $12.50.

Huntsman Stock Down 0.5%

Shares of Huntsman stock opened at $9.56 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The firm’s 50-day moving average is $11.08 and its two-hundred day moving average is $12.61. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -9.19 and a beta of 0.70.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s dividend payout ratio (DPR) is presently -33.65%.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.