Deutsche Bank AG Buys New Shares in Huntsman Corporation $HUN

Key Points

• Deutsche Bank acquired 637,753 Huntsman shares during the second quarter, worth approximately $6.77 million and representing a 0.36% stake. Institutional investors collectively own 84.81% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and average price target of $12.50; ratings include one Strong Buy, one Buy, 10 Holds and three Sells.
• CEO Peter Huntsman purchased 100,000 shares for about $981,000, while Huntsman declared a quarterly dividend of $0.0875 per share, equal to a $0.35 annualized payout and a 3.6% yield.

Deutsche Bank AG purchased a new stake in shares of Huntsman Corporation (NYSE:HUN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 637,753 shares of the basic materials company's stock, valued at approximately $6,773,000. Deutsche Bank AG owned 0.36% of Huntsman as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in Huntsman in the 1st quarter valued at $2,632,000. Empowered Funds LLC raised its stake in shares of Huntsman by 794.1% in the 1st quarter. Empowered Funds LLC now owns 128,864 shares of the basic materials company's stock valued at $1,715,000 after buying an additional 114,451 shares in the last quarter. Old West Investment Management LLC bought a new position in shares of Huntsman during the 2nd quarter worth about $1,401,000. BNP Paribas Financial Markets lifted its holdings in shares of Huntsman by 236.2% during the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company's stock worth $11,826,000 after acquiring an additional 830,828 shares during the period. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in shares of Huntsman during the 4th quarter valued at about $1,001,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on HUN. Wall Street Zen raised shares of Huntsman from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Jefferies Financial Group set a $16.00 price objective on Huntsman in a report on Friday, July 31st. The Goldman Sachs Group set a $12.00 price objective on Huntsman in a research note on Thursday, July 16th. Mizuho dropped their target price on Huntsman from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, July 1st. Finally, Citigroup raised their target price on Huntsman from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.

Insider Buying and Selling at Huntsman

In related news, CEO Peter R. Huntsman bought 100,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the acquisition, the chief executive officer 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 SEC, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Huntsman Price Performance

Shares of HUN stock opened at $9.61 on Tuesday. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $16.08. The stock has a 50-day moving average price of $11.15 and a 200 day moving average price of $12.64. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -9.24 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 paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman's dividend payout ratio (DPR) is presently -33.65%.

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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