Huntsman Co. (NYSE:HUN) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Huntsman Co. (NYSE:HUN) by 19.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,599 shares of the basic materials company’s stock after buying an additional 6,877 shares during the period. Orion Portfolio Solutions LLC’s holdings in Huntsman were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Matrix Trust Co purchased a new stake in Huntsman during the third quarter worth approximately $25,000. nVerses Capital LLC boosted its holdings in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after buying an additional 2,500 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Huntsman in the 3rd quarter valued at $62,000. Innealta Capital LLC acquired a new stake in Huntsman during the 2nd quarter worth $65,000. Finally, Capital Performance Advisors LLP purchased a new stake in Huntsman in the third quarter valued at $78,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Down 1.4 %

Huntsman stock opened at $19.05 on Monday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -27.61 and a beta of 0.97. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $21.15 and a two-hundred day moving average of $22.09. Huntsman Co. has a twelve month low of $18.65 and a twelve month high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. Huntsman’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. As a group, research analysts expect that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.25%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

Insider Buying and Selling

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group cut their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Royal Bank of Canada lifted their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company lowered their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.43.

Huntsman Company 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.