First Trust Advisors LP Sells 8,170 Shares of Huntsman Co. (NYSE:HUN)

First Trust Advisors LP decreased its position in shares of Huntsman Co. (NYSE:HUN) by 2.2% during the 3rd quarter, Holdings Channel reports. The fund owned 360,830 shares of the basic materials company’s stock after selling 8,170 shares during the quarter. First Trust Advisors LP’s holdings in Huntsman were worth $8,393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HUN. Bessemer Group Inc. lifted its stake in Huntsman by 225.8% in the second quarter. Bessemer Group Inc. now owns 18,943 shares of the basic materials company’s stock valued at $387,000 after buying an additional 13,129 shares in the last quarter. Scout Investments Inc. lifted its stake in Huntsman by 2.0% in the third quarter. Scout Investments Inc. now owns 1,117,680 shares of the basic materials company’s stock valued at $25,997,000 after buying an additional 22,381 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Huntsman by 85.5% in the second quarter. Envestnet Asset Management Inc. now owns 473,808 shares of the basic materials company’s stock valued at $9,685,000 after buying an additional 218,389 shares in the last quarter. Magnetar Financial LLC bought a new position in Huntsman in the second quarter valued at approximately $208,000. Finally, Bank of Montreal Can lifted its stake in Huntsman by 25.8% in the second quarter. Bank of Montreal Can now owns 374,083 shares of the basic materials company’s stock valued at $7,645,000 after buying an additional 76,621 shares in the last quarter. 69.34% of the stock is currently owned by institutional investors and hedge funds.

NYSE HUN opened at $23.55 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.97. Huntsman Co. has a 12-month low of $17.33 and a 12-month high of $25.66. The company has a market capitalization of $5.31 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 1.87 and a beta of 2.34. The firm’s 50 day moving average is $22.92 and its 200-day moving average is $20.87.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $0.84 earnings per share. Huntsman’s revenue for the quarter was down 14.3% on a year-over-year basis. As a group, sell-side analysts expect that Huntsman Co. will post 1.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.1625 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.76%. Huntsman’s dividend payout ratio (DPR) is presently 19.46%.

A number of brokerages have weighed in on HUN. Goldman Sachs Group raised shares of Huntsman from a “buy” rating to a “conviction-buy” rating in a research note on Monday. TheStreet lowered shares of Huntsman from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. BNP Paribas lowered shares of Huntsman from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research note on Wednesday, October 16th. UBS Group lifted their price target on shares of Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Citigroup lifted their price target on shares of Huntsman from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Huntsman presently has a consensus rating of “Buy” and an average target price of $26.25.

Huntsman Company Profile

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

Further Reading: Why do companies issue monthly dividends?

Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUN).

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.