Huntsman Corporation (NYSE:HUN) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 1,569.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,335 shares of the basic materials company's stock after purchasing an additional 224,059 shares during the quarter. Cerity Partners LLC owned about 0.14% of Huntsman worth $3,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of HUN. Proficio Capital Partners LLC bought a new stake in Huntsman in the fourth quarter worth $387,000. Raymond James Financial Inc. bought a new position in Huntsman during the 4th quarter worth approximately $5,475,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Huntsman by 14.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,445 shares of the basic materials company's stock worth $747,000 after purchasing an additional 5,208 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Huntsman during the fourth quarter valued at approximately $373,000. Finally, Signaturefd LLC grew its stake in shares of Huntsman by 174.5% in the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after purchasing an additional 2,788 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Performance

Shares of NYSE:HUN traded up $0.03 during trading on Friday, hitting $11.33. The stock had a trading volume of 3,223,279 shares, compared to its average volume of 2,904,938. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.53. Huntsman Corporation has a 12-month low of $10.13 and a 12-month high of $25.12. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -12.45 and a beta of 0.70. The stock has a 50-day simple moving average of $11.36 and a two-hundred day simple moving average of $14.21.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the firm posted ($0.06) EPS. The company's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.83%. Huntsman's dividend payout ratio is currently -109.89%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HUN. Citigroup reissued a "neutral" rating and issued a $11.00 target price (down previously from $12.00) on shares of Huntsman in a research report on Thursday, July 10th. UBS Group decreased their price target on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Royal Bank Of Canada decreased their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, The Goldman Sachs Group cut their price objective on Huntsman from $13.50 to $12.00 and set a "sell" rating for the company in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.17.

Huntsman Company 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.