SG Americas Securities LLC Has $37.17 Million Stake in Huntsman Corporation $HUN

SG Americas Securities LLC reduced its position in Huntsman Corporation (NYSE:HUN) by 17.3% during the first quarter, HoldingsChannel reports. The firm owned 2,792,887 shares of the basic materials company’s stock after selling 584,740 shares during the period. SG Americas Securities LLC’s holdings in Huntsman were worth $37,173,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Strategic Advocates LLC acquired a new position in Huntsman in the third quarter valued at $27,000. Advisory Services Network LLC acquired a new stake in Huntsman during the 3rd quarter worth about $58,000. Parkside Financial Bank & Trust raised its position in shares of Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 5,925 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares in the last quarter. Finally, Platinum Investment Management Ltd. acquired a new position in shares of Huntsman in the 4th quarter valued at about $68,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Morgan Stanley lifted their price objective on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 target price on shares of Huntsman in a research report on Tuesday, May 19th. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.58.

Huntsman Stock Performance

Shares of HUN stock opened at $11.40 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $14.08 and a two-hundred day simple moving average of $12.58. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $16.08. The firm has a market capitalization of $2.00 billion, a PE ratio of -5.94 and a beta of 0.64.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) earnings per share. Analysts forecast that Huntsman Corporation will post -0.25 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0875 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 annualized dividend and a yield of 3.1%. Huntsman’s dividend payout ratio (DPR) is presently -18.23%.

Huntsman Company Profile

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.