Huntsman Corporation $HUN Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Huntsman Corporation (NYSE:HUN) by 77.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,387 shares of the basic materials company’s stock after buying an additional 121,199 shares during the quarter. Sei Investments Co.’s holdings in Huntsman were worth $3,705,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HUN. UBS Group AG raised its stake in shares of Huntsman by 83.5% in the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock valued at $66,131,000 after acquiring an additional 3,351,265 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Huntsman by 29.8% during the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock valued at $106,878,000 after acquiring an additional 2,772,563 shares in the last quarter. Two Sigma Investments LP boosted its position in Huntsman by 476.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company’s stock worth $25,517,000 after purchasing an additional 2,348,598 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Huntsman in the 2nd quarter valued at $21,953,000. Finally, Gotham Asset Management LLC increased its holdings in Huntsman by 4,003.2% in the 4th quarter. Gotham Asset Management LLC now owns 1,806,207 shares of the basic materials company’s stock valued at $18,062,000 after purchasing an additional 1,762,187 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Insider Activity at Huntsman

In other Huntsman news, CEO Peter R. Huntsman purchased 100,000 shares of Huntsman stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $9.81 per share, with a total value of $981,000.00. Following the completion of the acquisition, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HUN. Bank of America boosted their price objective on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. Citigroup increased their target price on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group set a $12.00 target price on Huntsman in a report on Thursday, July 16th. Wells Fargo & Company reduced their price target on Huntsman from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.83.

Huntsman Stock Performance

Shares of HUN stock opened at $10.15 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.75. The company’s fifty day moving average price is $12.28 and its two-hundred day moving average price is $12.76. The firm has a market capitalization of $1.78 billion, a P/E ratio of -9.76 and a beta of 0.70. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $16.08.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0875 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.4%. Huntsman’s payout ratio is -33.65%.

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.