Great Lakes Advisors LLC Purchases Shares of 275,068 Huntsman Corporation $HUN

Great Lakes Advisors LLC purchased a new stake in shares of Huntsman Corporation (NYSE:HUN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 275,068 shares of the basic materials company’s stock, valued at approximately $2,921,000. Great Lakes Advisors LLC owned 0.16% of Huntsman as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its position in Huntsman by 166.7% in the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,670 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Huntsman during the 2nd quarter valued at about $45,000. Advisory Services Network LLC bought a new position in shares of Huntsman during the 3rd quarter valued at about $58,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 worth $61,000 after purchasing an additional 3,706 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of 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 worth $65,000 after purchasing an additional 5,925 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Insider Transactions at Huntsman

In other news, CEO Peter R. Huntsman bought 100,000 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the purchase, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This trade represents a 1.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HUN. Wells Fargo & Company reduced their target price on shares of Huntsman from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Mizuho dropped their price target on Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. The Goldman Sachs Group set a $12.00 price objective on Huntsman in a research note on Thursday, July 16th. Jefferies Financial Group set a $16.00 target price on Huntsman in a report on Friday, July 31st. Finally, Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.50.

Huntsman Price Performance

HUN opened at $10.14 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -9.75 and a beta of 0.70. The stock has a fifty day moving average of $11.40 and a 200-day moving average of $12.67. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $16.08.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.5%. Huntsman’s dividend payout ratio (DPR) is -33.65%.

Huntsman Company 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.