Frank Rimerman Advisors LLC Makes New $762,000 Investment in Huntsman Corporation $HUN

Frank Rimerman Advisors LLC acquired a new position in Huntsman Corporation (NYSE:HUN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,824 shares of the basic materials company’s stock, valued at approximately $762,000.

A number of other hedge funds also recently made changes to their positions in HUN. AlphaQuest LLC increased its holdings in Huntsman by 156.6% in the 3rd quarter. AlphaQuest LLC now owns 91,070 shares of the basic materials company’s stock worth $818,000 after acquiring an additional 55,580 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Huntsman by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,322 shares of the basic materials company’s stock worth $1,368,000 after purchasing an additional 3,707 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Huntsman during the 3rd quarter valued at $832,000. Naples Global Advisors LLC boosted its holdings in Huntsman by 43.2% in the 3rd quarter. Naples Global Advisors LLC now owns 60,967 shares of the basic materials company’s stock worth $547,000 after buying an additional 18,378 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Huntsman in the 3rd quarter worth $134,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Trading Down 3.3%

HUN stock opened at $10.82 on Friday. The firm has a fifty day moving average price of $10.66 and a 200 day moving average price of $9.98. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $18.53. The firm has a market cap of $1.88 billion, a PE ratio of -5.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 1.36.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.10. Huntsman had a negative net margin of 5.69% and a negative return on equity of 3.26%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.10 earnings per share. Huntsman’s quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.2%. Huntsman’s payout ratio is currently -18.42%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup boosted their price objective on Huntsman from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. lowered their price target on Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. UBS Group increased their price objective on shares of Huntsman from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, January 12th. The Goldman Sachs Group boosted their target price on shares of Huntsman from $8.50 to $9.50 and gave the stock a “sell” rating in a report on Thursday, December 4th. Finally, Bank of America reaffirmed an “underperform” rating and set a $8.00 target price (down from $9.00) on shares of Huntsman in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $11.00.

About Huntsman

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.