Huntsman Corporation $HUN Shares Sold by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC reduced its holdings in Huntsman Corporation by 22.5% in Q2, now owning 0.06% of the company worth approximately $1,077,000.
• Recent analyst reports reflect declining price targets for Huntsman's stock, with Mizuho setting a target of $9.00, suggesting an "underperform" rating.
• Huntsman Corporation announced a quarterly dividend of $0.25, which translates to an annualized yield of 9.7%.

Pallas Capital Advisors LLC trimmed its holdings in Huntsman Corporation (NYSE:HUN - Free Report) by 22.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,323 shares of the basic materials company's stock after selling 30,029 shares during the quarter. Pallas Capital Advisors LLC owned about 0.06% of Huntsman worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC boosted its holdings in shares of Huntsman by 9.7% during the 1st quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company's stock valued at $174,000 after acquiring an additional 972 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Huntsman by 6.8% in the first quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company's stock worth $307,000 after buying an additional 1,239 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Huntsman by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company's stock worth $1,853,000 after buying an additional 1,350 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Huntsman by 177.9% in the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after buying an additional 1,395 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Huntsman by 40.3% in the first quarter. Quarry LP now owns 5,034 shares of the basic materials company's stock worth $79,000 after buying an additional 1,445 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Citigroup decreased their target price on shares of Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. UBS Group decreased their target price on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company decreased their target price on shares of Huntsman from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group decreased their target price on shares of Huntsman from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.05.

Huntsman Stock Performance

Shares of Huntsman stock traded down $0.49 during midday trading on Friday, hitting $9.80. The company had a trading volume of 6,431,405 shares, compared to its average volume of 4,003,035. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -5.03 and a beta of 0.65. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $10.58 and a 200 day simple moving average of $12.14. Huntsman Corporation has a 12-month low of $8.91 and a 12-month high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.Huntsman's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. As a group, analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.2%. Huntsman's dividend payout ratio (DPR) is presently -51.28%.

About Huntsman

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.