Jupiter Topco LLC Makes New $838,000 Investment in Huntsman Corporation $HUN

Jupiter Topco LLC acquired a new stake in Huntsman Corporation (NYSE:HUN) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 78,929 shares of the basic materials company’s stock, valued at approximately $838,000.

Several other institutional investors have also modified their holdings of the company. Lombard Odier Asset Management USA Corp increased its holdings in Huntsman by 6.2% in the first quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company’s stock valued at $225,000 after buying an additional 982 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Huntsman by 8.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,863 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 1,099 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Huntsman by 2.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 44,574 shares of the basic materials company’s stock valued at $446,000 after acquiring an additional 1,225 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Huntsman by 2.9% in the 4th quarter. Guggenheim Capital LLC now owns 43,022 shares of the basic materials company’s stock valued at $430,000 after acquiring an additional 1,226 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Huntsman by 0.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,566 shares of the basic materials company’s stock worth $4,776,000 after acquiring an additional 1,372 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of Huntsman stock in a transaction dated 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 acquisition, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HUN. Jefferies Financial Group set a $16.00 price target on Huntsman in a report on Friday, July 31st. Weiss Ratings cut shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. UBS Group dropped their target price on shares of Huntsman from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Royal Bank Of Canada reduced their price target on shares of Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price objective on shares of Huntsman in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus target price of $12.50.

Huntsman Price Performance

HUN stock opened at $9.62 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.69 billion, a P/E ratio of -9.25 and a beta of 0.70. The business has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $12.39. Huntsman Corporation has a twelve month low of $7.30 and a twelve month high of $16.08.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s dividend payout ratio (DPR) is presently -33.65%.

About Huntsman

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.