Catalyst Capital Advisors LLC boosted its holdings in Huntsman Co. (NYSE:HUN) by 149,900.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the basic materials company’s stock after buying an additional 14,990 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Huntsman were worth $439,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. CIBC World Markets Inc. purchased a new position in Huntsman in the first quarter valued at $1,381,000. Xact Kapitalforvaltning AB increased its holdings in Huntsman by 32.9% in the first quarter. Xact Kapitalforvaltning AB now owns 24,213 shares of the basic materials company’s stock valued at $708,000 after buying an additional 6,000 shares during the last quarter. Royal Bank of Canada increased its holdings in Huntsman by 28.5% in the first quarter. Royal Bank of Canada now owns 256,096 shares of the basic materials company’s stock valued at $7,491,000 after buying an additional 56,797 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Huntsman by 200.4% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 253,484 shares of the basic materials company’s stock valued at $7,414,000 after buying an additional 169,100 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Huntsman by 27.7% in the first quarter. Assetmark Inc. now owns 14,402 shares of the basic materials company’s stock valued at $421,000 after buying an additional 3,123 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HUN opened at $30.54 on Friday. Huntsman Co. has a fifty-two week low of $24.51 and a fifty-two week high of $36.09. The stock has a market cap of $7.45 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.18 and a beta of 2.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.94 and a quick ratio of 1.58.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.65 annualized dividend and a dividend yield of 2.13%. Huntsman’s dividend payout ratio (DPR) is 26.21%.
Huntsman announced that its Board of Directors has approved a share buyback plan on Friday, February 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
HUN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Huntsman from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 31st. UBS Group upped their price objective on shares of Huntsman from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, May 29th. MED restated a “buy” rating and issued a $40.00 price objective on shares of Huntsman in a research note on Tuesday, May 1st. ValuEngine downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Finally, Citigroup decreased their price objective on shares of Huntsman from $43.00 to $42.50 and set a “buy” rating for the company in a research note on Tuesday, April 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $36.81.
In other news, VP J Kimo Esplin sold 34,399 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $31.81, for a total transaction of $1,094,232.19. Following the completion of the sale, the vice president now owns 398,973 shares in the company, valued at $12,691,331.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 19.00% of the stock is currently owned by corporate insiders.
Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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