First American Bank Sells 5,411 Shares of Huntsman Co. (NYSE:HUN)

First American Bank reduced its position in shares of Huntsman Co. (NYSE:HUN) by 10.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,611 shares of the basic materials company’s stock after selling 5,411 shares during the quarter. First American Bank’s holdings in Huntsman were worth $1,080,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HUN. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Huntsman by 25.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 76,812 shares of the basic materials company’s stock valued at $1,999,000 after acquiring an additional 15,379 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Huntsman by 30.6% during the first quarter. BNP Paribas Financial Markets now owns 202,564 shares of the basic materials company’s stock valued at $5,273,000 after purchasing an additional 47,449 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Huntsman during the first quarter valued at $45,000. Nikko Asset Management Americas Inc. increased its holdings in Huntsman by 25.0% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 76,812 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 15,379 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Huntsman during the 1st quarter valued at about $1,428,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Price Performance

NYSE:HUN opened at $22.45 on Monday. The business’s 50-day simple moving average is $22.66 and its two-hundred day simple moving average is $23.16. Huntsman Co. has a 52 week low of $19.91 and a 52 week high of $27.01. The stock has a market cap of $3.88 billion, a PE ratio of -43.17 and a beta of 1.00. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm earned $0.22 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts forecast that Huntsman Co. will post 0.19 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Friday, September 13th. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

Analyst Ratings Changes

HUN has been the subject of several research reports. UBS Group decreased their price objective on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada upped their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.75.

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.