Edgestream Partners L.P. Purchases 74,155 Shares of Huntsman Co. (NYSE:HUN)

Edgestream Partners L.P. raised its stake in shares of Huntsman Co. (NYSE:HUN) by 126.7% during the third quarter, HoldingsChannel reports. The firm owned 132,681 shares of the basic materials company’s stock after purchasing an additional 74,155 shares during the quarter. Edgestream Partners L.P.’s holdings in Huntsman were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HUN. Boston Partners acquired a new position in Huntsman during the 1st quarter valued at approximately $793,000. CWM LLC increased its stake in Huntsman by 1,273.8% during the 2nd quarter. CWM LLC now owns 10,015 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 9,286 shares in the last quarter. Linden Thomas Advisory Services LLC acquired a new position in Huntsman during the 2nd quarter valued at approximately $500,000. Butensky & Cohen Financial Security Inc. increased its stake in Huntsman by 0.3% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock valued at $3,474,000 after purchasing an additional 483 shares in the last quarter. Finally, Twelve Points Wealth Management LLC increased its stake in Huntsman by 25.2% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 52,792 shares of the basic materials company’s stock valued at $1,202,000 after purchasing an additional 10,624 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of NYSE HUN opened at $19.58 on Monday. The company’s fifty day moving average price is $21.98 and its 200 day moving average price is $22.46. Huntsman Co. has a 1 year low of $19.11 and a 1 year high of $27.01. The company has a market capitalization of $3.39 billion, a PE ratio of -28.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

HUN has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group cut their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.75.

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.