Segall Bryant & Hamill LLC Acquires New Shares in Huntsman Corporation $HUN

Segall Bryant & Hamill LLC acquired a new position in shares of Huntsman Corporation (NYSE:HUN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 96,439 shares of the basic materials company’s stock, valued at approximately $1,284,000. Segall Bryant & Hamill LLC owned about 0.05% of Huntsman as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Essential Partners LLC boosted its stake in shares of Huntsman by 40.3% during the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,655 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Huntsman by 17.6% in the first quarter. Bank of America Corp DE now owns 1,595,802 shares of the basic materials company’s stock valued at $21,240,000 after buying an additional 238,592 shares during the period. Edgestream Partners L.P. increased its stake in shares of Huntsman by 574.5% in the first quarter. Edgestream Partners L.P. now owns 464,069 shares of the basic materials company’s stock valued at $6,177,000 after buying an additional 395,262 shares during the period. Bull Harbor Capital LLC bought a new position in Huntsman in the 1st quarter valued at approximately $154,000. Finally, Amundi raised its holdings in Huntsman by 43.0% in the 1st quarter. Amundi now owns 480,645 shares of the basic materials company’s stock valued at $6,397,000 after buying an additional 144,458 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Mizuho cut their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price objective on shares of Huntsman in a research note on Tuesday, May 19th. UBS Group decreased their price objective on Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.83.

Huntsman Price Performance

Huntsman stock opened at $10.14 on Thursday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -9.75 and a beta of 0.70. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.33. The stock’s 50 day moving average price is $12.39 and its two-hundred day moving average price is $12.78.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s payout ratio is -33.65%.

Insider Buying and Selling at Huntsman

In related news, CEO Peter R. Huntsman acquired 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were purchased at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company’s stock.

About Huntsman

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.