Radnor Capital Management LLC Sells 6,396 Shares of Huntsman Co. (NYSE:HUN)

Radnor Capital Management LLC decreased its holdings in Huntsman Co. (NYSE:HUN) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,731 shares of the basic materials company’s stock after selling 6,396 shares during the period. Radnor Capital Management LLC’s holdings in Huntsman were worth $644,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUN. Principal Financial Group Inc. boosted its stake in Huntsman by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock worth $32,488,000 after purchasing an additional 124,841 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after buying an additional 1,124,113 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Huntsman by 14.2% during the second quarter. First Eagle Investment Management LLC now owns 654,064 shares of the basic materials company’s stock worth $14,893,000 after acquiring an additional 81,109 shares during the last quarter. Bank of Montreal Can grew its stake in Huntsman by 152.7% during the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after acquiring an additional 60,072 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in Huntsman in the 4th quarter valued at $569,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Insider Activity at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on HUN. Mizuho dropped their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada dropped their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley cut their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus price target of $23.33.

Huntsman Stock Performance

NYSE:HUN opened at $17.35 on Thursday. The firm has a market capitalization of $3.00 billion, a PE ratio of -25.14 and a beta of 0.97. The stock’s fifty day moving average is $18.73 and its 200 day moving average is $21.13. Huntsman Co. has a fifty-two week low of $15.95 and a fifty-two week high of $27.01. 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 earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

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.