SG Americas Securities LLC Has $37.17 Million Stake in Huntsman Corporation $HUN

SG Americas Securities LLC reduced its position in Huntsman Corporation (NYSE:HUN) by 17.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,792,887 shares of the basic materials company’s stock after selling 584,740 shares during the quarter. SG Americas Securities LLC owned about 1.61% of Huntsman worth $37,173,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its position in Huntsman by 20.8% during the first quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after purchasing an additional 9,720 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Huntsman by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after purchasing an additional 1,052,127 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Huntsman by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after purchasing an additional 1,581 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Huntsman in the 1st quarter valued at $680,000. Finally, Prudential Financial Inc. raised its holdings in shares of Huntsman by 34.5% during the 2nd quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock worth $148,000 after buying an additional 3,655 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 0.9%

HUN opened at $11.40 on Wednesday. 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 fifty-two week low of $7.30 and a fifty-two week high of $16.08. The company’s 50 day moving average price is $14.08 and its two-hundred day moving average price is $12.58. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -5.94 and a beta of 0.64.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Huntsman’s revenue was up .7% compared to the same quarter last year. As a group, research analysts predict that Huntsman Corporation will post -0.25 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 annualized dividend and a yield of 3.1%. Huntsman’s payout ratio is presently -18.23%.

Wall Street Analyst Weigh In

HUN has been the topic of several research analyst reports. Citigroup raised their price objective on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 target price on shares of Huntsman in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price target on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.58.

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.