Huntsman Corporation (NYSE:HUN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Huntsman Corporation (NYSE:HUN - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,330,865 shares of the basic materials company's stock after selling 46,003 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.77% of Huntsman worth $21,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Holdings Inc. grew its position in shares of Huntsman by 188.3% in the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after buying an additional 2,135,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Huntsman in the fourth quarter valued at about $37,464,000. Deprince Race & Zollo Inc. boosted its holdings in shares of Huntsman by 70.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after acquiring an additional 1,139,549 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Huntsman by 61.3% in the fourth quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock valued at $30,870,000 after acquiring an additional 650,951 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Huntsman by 4,078.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 500,000 shares of the basic materials company's stock valued at $9,015,000 after purchasing an additional 488,035 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HUN. Wall Street Zen cut shares of Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada lowered their target price on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Citigroup reiterated a "neutral" rating and set a $11.00 price objective (down from $12.00) on shares of Huntsman in a research note on Thursday, July 10th. Mizuho decreased their target price on shares of Huntsman from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, UBS Group dropped their target price on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.17.

Huntsman Stock Performance

Huntsman stock opened at $11.30 on Friday. The stock has a 50-day simple moving average of $11.37 and a 200 day simple moving average of $14.28. 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 $1.96 billion, a price-to-earnings ratio of -12.41 and a beta of 0.70.

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

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend was Friday, June 13th. Huntsman's dividend payout ratio (DPR) is currently -109.89%.

Huntsman 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.

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