Segall Bryant & Hamill LLC Purchases New Stake in Huntsman Corporation $HUN

Segall Bryant & Hamill LLC purchased a new stake in shares of Huntsman Corporation (NYSE:HUN) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 96,439 shares of the basic materials company’s stock, valued at approximately $1,284,000.

A number of other large investors have also recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Huntsman during the third quarter worth about $58,000. Caitong International Asset Management Co. Ltd lifted its position in Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 3,706 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 5,925 shares in the last quarter. Platinum Investment Management Ltd. acquired a new position in Huntsman during the 4th quarter valued at about $68,000. Finally, Essential Partners LLC boosted its stake in Huntsman by 40.3% during the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,655 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Insider Transactions at Huntsman

In other news, CEO Peter R. Huntsman bought 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This represents a 1.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HUN has been the subject of several analyst reports. Weiss Ratings downgraded Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Citigroup upped their price target on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Bank of America increased their price target on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group reduced their target price on shares of Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.83.

Huntsman Stock Performance

Shares of HUN stock opened at $10.14 on Thursday. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $16.08. The firm’s 50-day simple moving average is $12.39 and its two-hundred day simple moving average is $12.78. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -9.75 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.33.

Huntsman Dividend Announcement

The company also recently disclosed 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 yield of 3.5%. Huntsman’s dividend payout ratio is presently -33.65%.

Huntsman Profile

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.