Jupiter Topco LLC Acquires Shares of 78,929 Huntsman Corporation $HUN

Jupiter Topco LLC bought a new position in Huntsman Corporation (NYSE:HUN) in the 2nd quarter, Holdings Channel.com reports. The firm bought 78,929 shares of the basic materials company’s stock, valued at approximately $838,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings in Huntsman by 166.7% during the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Huntsman in the 2nd quarter valued at approximately $45,000. Allworth Financial LP acquired a new position in Huntsman during the 2nd quarter worth approximately $52,000. Advisory Services Network LLC acquired a new position in Huntsman during the 3rd quarter worth approximately $58,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Huntsman by 121.7% during 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 buying an additional 3,706 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Performance

Shares of HUN opened at $9.62 on Monday. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The company has a market capitalization of $1.69 billion, a PE ratio of -9.25 and a beta of 0.70. The stock has a fifty day moving average of $10.74 and a two-hundred day moving average of $12.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.6%. Huntsman’s dividend payout ratio is -33.65%.

Insiders Place Their Bets

In other Huntsman news, CEO Peter R. Huntsman purchased 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, with a total value of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. This represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HUN. Jefferies Financial Group set a $16.00 price target on Huntsman in a report on Friday, July 31st. Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wells Fargo & Company reduced their target price on Huntsman from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Royal Bank Of Canada decreased their target price on shares of Huntsman from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $12.00 price target on shares of Huntsman in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.50.

Huntsman 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.