Quantinno Capital Management LP Has $13.42 Million Holdings in Huntsman Corporation $HUN

Quantinno Capital Management LP grew its holdings in shares of Huntsman Corporation (NYSE:HUN) by 31.0% in the 1st quarter, Holdings Channel reports. The fund owned 1,008,231 shares of the basic materials company’s stock after buying an additional 238,326 shares during the period. Quantinno Capital Management LP’s holdings in Huntsman were worth $13,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Huntsman during the third quarter worth $58,000. Parkside Financial Bank & Trust increased its stake in shares of Huntsman by 1,005.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after buying an additional 5,925 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in 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 valued at $61,000 after buying an additional 3,706 shares during the last quarter. Platinum Investment Management Ltd. bought a new position in Huntsman in the 4th quarter valued at approximately $68,000. Finally, IFP Advisors Inc boosted its position in Huntsman by 267.9% during the 4th quarter. IFP Advisors Inc now owns 8,094 shares of the basic materials company’s stock worth $81,000 after buying an additional 5,894 shares during the period. 84.81% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Peter R. Huntsman bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer directly owned 7,256,341 shares in the company, valued at $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by insiders.

Huntsman Stock Up 2.7%

Shares of Huntsman stock opened at $10.02 on Tuesday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -9.63 and a beta of 0.69. The stock’s 50-day moving average is $12.57 and its 200 day moving average is $12.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. Huntsman Corporation has a one year low of $7.30 and a one year high of $16.08.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0875 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.5%. Huntsman’s payout ratio is currently -33.65%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price objective on shares of Huntsman in a research note on Tuesday, May 19th. The Goldman Sachs Group set a $12.00 target price on Huntsman in a research report on Thursday, July 16th. Citigroup upped their price target on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned 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, Huntsman currently has a consensus rating of “Hold” and an average target price of $13.08.

Huntsman 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.