Huntsman Corporation (NYSE:HUN) Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 898.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,206 shares of the basic materials company's stock after acquiring an additional 150,461 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.10% of Huntsman worth $2,640,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HUN. Quadrant Capital Group LLC raised its position in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman in the fourth quarter worth $60,000. Versant Capital Management Inc increased its stake in shares of Huntsman by 2,388.4% in the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after buying an additional 3,917 shares during the last quarter. Quarry LP acquired a new stake in Huntsman in the fourth quarter valued at $65,000. Finally, Parallel Advisors LLC boosted its stake in Huntsman by 157.8% during the 1st quarter. Parallel Advisors LLC now owns 4,687 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 2,869 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Stock Performance

HUN traded up $0.62 during trading on Tuesday, reaching $11.04. 5,788,852 shares of the company were exchanged, compared to its average volume of 2,809,840. Huntsman Corporation has a 52 week low of $10.13 and a 52 week high of $25.12. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $11.69 and a 200 day moving average of $14.82. The stock has a market cap of $1.92 billion, a P/E ratio of -12.13 and a beta of 0.71.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, sell-side analysts forecast that Huntsman Corporation will post 0.32 EPS 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.06%. Huntsman's payout ratio is currently -109.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HUN. Royal Bank Of Canada dropped their target price on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. UBS Group lowered their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup reduced their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.00.

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.