Savant Capital LLC Sells 43,644 Shares of Huntsman Corporation $HUN

Savant Capital LLC cut its stake in shares of Huntsman Corporation (NYSE:HUN) by 38.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,039 shares of the basic materials company’s stock after selling 43,644 shares during the quarter. Savant Capital LLC’s holdings in Huntsman were worth $719,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HUN. Entropy Technologies LP boosted its holdings in Huntsman by 6.8% in the first quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 1,239 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Huntsman by 1.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company’s stock worth $1,853,000 after purchasing an additional 1,350 shares during the period. Yousif Capital Management LLC lifted its position in shares of Huntsman by 12.6% during the second quarter. Yousif Capital Management LLC now owns 12,390 shares of the basic materials company’s stock worth $129,000 after purchasing an additional 1,386 shares during the last quarter. Quarry LP raised its holdings in shares of Huntsman by 40.3% in the 1st quarter. Quarry LP now owns 5,034 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 1,445 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after acquiring an additional 1,581 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 0.6%

NYSE HUN opened at $8.71 on Friday. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $20.94. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -4.46 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The firm’s fifty day moving average price is $9.05 and its 200 day moving average price is $10.39.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, sell-side analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.0875 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a yield of 4.0%. Huntsman’s payout ratio is currently -18.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HUN shares. JPMorgan Chase & Co. cut their price target on Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. UBS Group cut their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Alembic Global Advisors set a $11.00 target price on shares of Huntsman in a research note on Monday, October 27th. Bank of America restated an “underperform” rating and issued a $8.00 price target (down from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group cut their price target on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Huntsman has an average rating of “Reduce” and a consensus price target of $10.00.

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.