131,900 Shares in Huntsman Corporation $HUN Bought by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 131,900 Huntsman shares worth approximately $1.4 million, while institutional investors collectively own 84.81% of the company.
• Analysts maintain a cautious outlook, with Huntsman receiving a consensus “Hold” rating and an average price target of $12.50; the stock opened at $9.49.
• Huntsman declared a quarterly dividend of $0.0875 per share, equivalent to an annualized $0.35 dividend and a 3.7% yield. CEO Peter Huntsman also bought 100,000 shares valued at $981,000.

Caisse de depot et placement du Quebec acquired a new stake in shares of Huntsman Corporation (NYSE:HUN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,900 shares of the basic materials company's stock, valued at approximately $1,401,000. Caisse de depot et placement du Quebec owned about 0.08% of Huntsman as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Lombard Odier Asset Management USA Corp grew its stake in shares of Huntsman by 6.2% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 982 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Huntsman by 8.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 13,863 shares of the basic materials company's stock worth $139,000 after purchasing an additional 1,099 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Huntsman by 2.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 44,574 shares of the basic materials company's stock worth $446,000 after buying an additional 1,225 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Huntsman by 2.9% in the fourth quarter. Guggenheim Capital LLC now owns 43,022 shares of the basic materials company's stock worth $430,000 after buying an additional 1,226 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Huntsman by 0.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,566 shares of the basic materials company's stock valued at $4,776,000 after buying an additional 1,372 shares during the period. Institutional investors own 84.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HUN. Jefferies Financial Group set a $16.00 price target on shares of Huntsman in a research report on Friday, July 31st. Mizuho cut their price objective on shares of Huntsman from $14.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, July 1st. Citigroup upped their price objective on Huntsman from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, May 4th. Royal Bank Of Canada decreased their target price on Huntsman from $11.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, August 3rd. Finally, Morgan Stanley lifted their target price on Huntsman from $11.00 to $15.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 5th. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Huntsman presently has a consensus rating of "Hold" and an average price target of $12.50.

Huntsman Trading Down 1.7%

Shares of Huntsman stock opened at $9.49 on Friday. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. The company has a market capitalization of $1.66 billion, a P/E ratio of -9.12 and a beta of 0.70. The company has a fifty day moving average of $10.92 and a 200 day moving average of $12.53.

Huntsman Announces Dividend

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

Insider Transactions at Huntsman

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $9.81 per share, with a total value of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares of the company's stock, valued at $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.

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