Quantbot Technologies LP Acquires Shares of 339,332 Huntsman Corporation $HUN

Key Points

• Quantbot Technologies LP acquired 339,332 Huntsman shares during the second quarter, valued at approximately $3.6 million and representing 0.19% of the company. Institutional investors collectively own 84.81% of Huntsman.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $12.50; recent targets range from $10 to $16.
• Huntsman shares opened at $9.99, while the company declared a quarterly dividend of $0.0875, equivalent to an annualized $0.35 payout and a 3.5% yield. CEO Peter Huntsman also purchased 100,000 shares for approximately $981,000.

Quantbot Technologies LP acquired a new position in shares of Huntsman Corporation (NYSE:HUN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 339,332 shares of the basic materials company's stock, valued at approximately $3,604,000. Quantbot Technologies LP owned 0.19% of Huntsman at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in Huntsman by 166.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company's stock worth $28,000 after purchasing an additional 1,670 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Huntsman during the 2nd quarter worth approximately $45,000. Allworth Financial LP bought a new position in shares of Huntsman during the second quarter worth approximately $52,000. Advisory Services Network LLC acquired a new stake in shares of Huntsman in the third quarter valued at approximately $58,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company's stock valued at $61,000 after buying an additional 3,706 shares during the period. Institutional investors own 84.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HUN. Wells Fargo & Company lowered their price objective on Huntsman from $14.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 4th. Bank of America increased their target price on Huntsman from $10.00 to $11.00 and gave the stock an "underperform" rating in a report on Tuesday, June 30th. The Goldman Sachs Group set a $12.00 price target on Huntsman in a research note on Thursday, July 16th. Citigroup upped their price objective on shares of Huntsman from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada reduced their price objective on shares of Huntsman from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.50.

Huntsman Trading Up 0.2%

Shares of HUN stock opened at $9.99 on Monday. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The stock's fifty day moving average price is $11.28 and its two-hundred day moving average price is $12.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. The company has a market cap of $1.75 billion, a PE ratio of -9.61 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 $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.5%. Huntsman's dividend payout ratio (DPR) is -33.65%.

Insiders Place Their Bets

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. The trade was a 1.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.80% of the stock is owned by company insiders.

Huntsman Company Profile

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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