Advisor Group Inc. Sells 7,583 Shares of Huntsman Co. (HUN)

Advisor Group Inc. decreased its position in shares of Huntsman Co. (NYSE:HUN) by 21.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,271 shares of the basic materials company’s stock after selling 7,583 shares during the quarter. Advisor Group Inc.’s holdings in Huntsman were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HUN. Lindbrook Capital LLC purchased a new stake in Huntsman during the 4th quarter worth about $26,000. Oppenheimer Asset Management Inc. purchased a new stake in Huntsman during the 4th quarter worth about $27,000. IFP Advisors Inc raised its holdings in shares of Huntsman by 30.5% in the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 484 shares in the last quarter. First Interstate Bank raised its holdings in shares of Huntsman by 215.6% in the 4th quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,503 shares in the last quarter. Finally, Huntington National Bank purchased a new stake in shares of Huntsman in the 4th quarter valued at about $47,000. Institutional investors own 76.46% of the company’s stock.

Shares of NYSE HUN traded down $0.24 during trading hours on Monday, reaching $24.51. 3,085,435 shares of the stock traded hands, compared to its average volume of 2,684,977. The company has a current ratio of 1.84, a quick ratio of 1.13 and a debt-to-equity ratio of 0.81. Huntsman Co. has a 52-week low of $17.58 and a 52-week high of $33.55. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 1.01 and a beta of 2.25.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, February 12th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Huntsman had a return on equity of 22.21% and a net margin of 3.59%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. Huntsman’s revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Huntsman Co. will post 2.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.1625 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.65 annualized dividend and a yield of 2.65%. Huntsman’s payout ratio is 19.46%.

Several research firms have weighed in on HUN. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Nomura raised Huntsman from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $30.00 in a report on Monday. KeyCorp lowered their price target on Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Zacks Investment Research cut Huntsman from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Barclays set a $21.00 price target on Huntsman and gave the company a “sell” rating in a report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Huntsman presently has a consensus rating of “Hold” and an average price target of $31.05.

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About Huntsman

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.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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