Huntsman Co. (NYSE:HUN) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in Huntsman Co. (NYSE:HUN - Free Report) by 55.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,816 shares of the basic materials company's stock after selling 48,707 shares during the period. Hsbc Holdings PLC's holdings in Huntsman were worth $696,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HUN. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Huntsman by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company's stock valued at $686,000 after purchasing an additional 674 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 956 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Huntsman by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company's stock valued at $571,000 after acquiring an additional 1,212 shares in the last quarter. Mariner LLC raised its holdings in shares of Huntsman by 10.0% during the fourth quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock valued at $244,000 after acquiring an additional 1,233 shares in the last quarter. Finally, EMC Capital Management raised its holdings in shares of Huntsman by 21.5% during the fourth quarter. EMC Capital Management now owns 10,288 shares of the basic materials company's stock valued at $185,000 after acquiring an additional 1,821 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com downgraded Huntsman from a "hold" rating to a "sell" rating in a report on Monday, May 5th. UBS Group decreased their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup decreased their price objective on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Wells Fargo & Company downgraded Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.00.

Huntsman Stock Up 0.2%

Shares of HUN traded up $0.02 during trading hours on Friday, hitting $12.04. The company had a trading volume of 3,213,079 shares, compared to its average volume of 2,524,281. The company has a market capitalization of $2.09 billion, a PE ratio of -10.95 and a beta of 0.82. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a one year low of $11.15 and a one year high of $25.78. The company's fifty day moving average price is $14.51 and its two-hundred day moving average price is $17.08.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. As a group, equities analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.31%. Huntsman's payout ratio is -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.