Commerce Bank Raises Position in Huntsman Co. (NYSE:HUN)

Commerce Bank raised its holdings in Huntsman Co. (NYSE:HUN) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,824 shares of the basic materials company’s stock after buying an additional 32,535 shares during the period. Commerce Bank owned approximately 0.13% of Huntsman worth $5,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares during the period. GAMMA Investing LLC purchased a new position in Huntsman in the 4th quarter valued at approximately $36,000. Montag A & Associates Inc. purchased a new stake in shares of Huntsman during the 4th quarter worth $45,000. Neo Ivy Capital Management purchased a new stake in shares of Huntsman during the 3rd quarter worth $134,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Huntsman during the 4th quarter worth $212,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

NYSE HUN opened at $25.00 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. Huntsman Co. has a one year low of $22.14 and a one year high of $29.90. The firm’s fifty day moving average is $24.90 and its two-hundred day moving average is $24.84.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. Huntsman’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. On average, analysts forecast that Huntsman Co. will post 0.41 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.00%. Huntsman’s dividend payout ratio is presently -192.31%.

Analyst Ratings Changes

HUN has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Huntsman from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $32.00 in a research report on Friday, February 23rd. The Goldman Sachs Group lifted their price objective on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.73.

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.