Kelleher Financial Advisors Sells 737 Shares of Huntsman Co. (NYSE:HUN)

Kelleher Financial Advisors lowered its stake in Huntsman Co. (NYSE:HUN) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 20,405 shares of the basic materials company’s stock after selling 737 shares during the period. Kelleher Financial Advisors’ holdings in Huntsman were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HUN. Matrix Trust Co bought a new position in shares of Huntsman in the third quarter worth $25,000. True Wealth Design LLC bought a new position in shares of Huntsman in the third quarter worth $62,000. Capital Performance Advisors LLP acquired a new stake in Huntsman in the third quarter valued at about $78,000. Quarry LP boosted its stake in Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock valued at $83,000 after buying an additional 1,441 shares in the last quarter. Finally, Rossmore Private Capital acquired a new stake in Huntsman in the third quarter valued at about $202,000. Institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HUN shares. Royal Bank of Canada reduced their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company reduced their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Mizuho reduced their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Citigroup cut their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Huntsman presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Huntsman Stock Down 2.3 %

Huntsman stock opened at $17.50 on Thursday. The stock’s 50 day moving average is $18.49 and its 200 day moving average is $20.97. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman Co. has a one year low of $15.95 and a one year high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, research analysts anticipate that Huntsman Co. will post 0.08 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Insider Buying and Selling

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is owned by insiders.

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.