Huntsman Corporation $HUN Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Huntsman Corporation (NYSE:HUN) by 53.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,050 shares of the basic materials company’s stock after purchasing an additional 49,419 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Huntsman were worth $1,420,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HUN. UBS Group AG increased its holdings in Huntsman by 83.5% during the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after purchasing an additional 3,351,265 shares during the period. AQR Capital Management LLC increased 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 worth $106,878,000 after purchasing an additional 2,772,563 shares during the period. Two Sigma Investments LP increased its holdings in Huntsman by 476.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company’s stock worth $25,517,000 after purchasing an additional 2,348,598 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Huntsman during the 2nd quarter worth about $21,953,000. Finally, Vanguard Group Inc. increased its holdings in Huntsman by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after purchasing an additional 1,523,590 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HUN. Royal Bank Of Canada upped their price target on Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday. Alembic Global Advisors upgraded Huntsman from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. UBS Group upped their price target on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Citigroup upped their price target on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday. Finally, JPMorgan Chase & Co. cut Huntsman from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Huntsman presently has a consensus rating of “Reduce” and a consensus price target of $12.60.

Huntsman Trading Down 2.8%

NYSE:HUN opened at $14.23 on Tuesday. The stock has a market cap of $2.48 billion, a P/E ratio of -7.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $15.90. The stock has a 50-day simple moving average of $12.76 and a 200-day simple moving average of $11.19.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative return on equity of 4.56% and a negative net margin of 5.83%.The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. As a group, analysts anticipate that Huntsman Corporation will post -0.5 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0875 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.5%. Huntsman’s dividend payout ratio is -18.23%.

Huntsman Company 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.