Huntsman Corporation $HUN Position Lowered by Evergreen Capital Management LLC

Key Points

• Evergreen Capital cut its stake in Huntsman by 84.8% in Q4, selling 75,445 shares and holding just 13,501 shares worth about $135,000 at filing.
• Other institutions sharply increased positions (e.g., Impala, Aquatic, Regents Gate, SG Americas), leaving institutional ownership at roughly 84.81% of the company.
• Analyst views are mixed but cautious: the consensus rating is "Reduce" with an average target of $12.41, while Huntsman recently reported a slight quarterly EPS beat (‑$0.20 vs. ‑$0.21) and announced a quarterly dividend implying a 2.4% yield.

Evergreen Capital Management LLC decreased its stake in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 84.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,501 shares of the basic materials company's stock after selling 75,445 shares during the period. Evergreen Capital Management LLC's holdings in Huntsman were worth $135,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Impala Asset Management LLC increased its stake in shares of Huntsman by 49.8% in the 3rd quarter. Impala Asset Management LLC now owns 1,731,000 shares of the basic materials company's stock valued at $15,544,000 after acquiring an additional 575,800 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of Huntsman by 223.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 517,684 shares of the basic materials company's stock valued at $4,649,000 after acquiring an additional 357,662 shares during the last quarter. Regents Gate Capital LLP increased its position in shares of Huntsman by 117.7% in the 3rd quarter. Regents Gate Capital LLP now owns 463,137 shares of the basic materials company's stock valued at $4,159,000 after buying an additional 250,389 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Huntsman in the 3rd quarter valued at $832,000. Finally, SG Americas Securities LLC increased its position in shares of Huntsman by 8.6% in the 3rd quarter. SG Americas Securities LLC now owns 2,086,220 shares of the basic materials company's stock valued at $18,734,000 after buying an additional 164,987 shares in the last quarter. Institutional investors own 84.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HUN shares. Mizuho upped their price objective on shares of Huntsman from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Wednesday, February 18th. Citigroup increased their target price on Huntsman from $12.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. cut Huntsman from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $11.00 to $14.00 in a research note on Thursday, February 19th. Alembic Global Advisors upgraded Huntsman from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company increased their target price on Huntsman from $9.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $12.41.

Huntsman Price Performance

Shares of HUN opened at $14.37 on Friday. The stock has a market capitalization of $2.50 billion, a P/E ratio of -8.76 and a beta of 0.59. Huntsman Corporation has a twelve month low of $7.30 and a twelve month high of $14.46. The company has a 50 day moving average of $12.76 and a 200-day moving average of $11.15. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.01. The company 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 3.97% and a negative net margin of 5.00%.Huntsman's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. As a group, equities research analysts forecast that Huntsman Corporation will post -0.46 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0875 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.35 annualized dividend and a dividend yield of 2.4%. Huntsman's dividend payout ratio (DPR) is presently -21.34%.

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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