Hotchkis & Wiley Capital Management LLC Buys 539,990 Shares of Huntsman Co. (NYSE:HUN)

Hotchkis & Wiley Capital Management LLC lifted its stake in Huntsman Co. (NYSE:HUN) by 295.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 722,990 shares of the basic materials company’s stock after buying an additional 539,990 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.42% of Huntsman worth $17,496,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co acquired a new stake in shares of Huntsman during the 3rd quarter worth approximately $25,000. nVerses Capital LLC boosted its stake in Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after buying an additional 2,500 shares in the last quarter. True Wealth Design LLC bought a new stake in Huntsman in the 3rd quarter valued at $62,000. Innealta Capital LLC acquired a new position in shares of Huntsman in the 2nd quarter valued at $65,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Huntsman during the 3rd quarter valued at about $78,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Price Performance

Huntsman stock opened at $19.81 on Wednesday. The business’s fifty day moving average is $21.85 and its two-hundred day moving average is $22.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a market cap of $3.43 billion, a P/E ratio of -28.71 and a beta of 0.97. Huntsman Co. has a 52 week low of $19.11 and a 52 week high of $27.01.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 company earned $0.15 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Huntsman presently has a consensus rating of “Hold” and a consensus target price of $25.75.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction dated 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 is available through this hyperlink. Company insiders own 6.10% of the company’s stock.

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.