Public Employees Retirement System of Ohio Has $1.75 Million Stock Holdings in Huntsman Co. (NYSE:HUN)

Public Employees Retirement System of Ohio decreased its stake in shares of Huntsman Co. (NYSE:HUN) by 3.9% during the 3rd quarter, Holdings Channel reports. The firm owned 72,358 shares of the basic materials company’s stock after selling 2,956 shares during the period. Public Employees Retirement System of Ohio’s holdings in Huntsman were worth $1,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Matrix Trust Co acquired a new position in Huntsman during the third quarter worth $25,000. nVerses Capital LLC raised its holdings in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 2,500 shares during the period. True Wealth Design LLC acquired a new stake in Huntsman in the 3rd quarter valued at about $62,000. Innealta Capital LLC bought a new position in Huntsman during the second quarter worth about $65,000. Finally, Capital Performance Advisors LLP acquired a new position in Huntsman during the third quarter worth approximately $78,000. Institutional investors own 84.81% of the company’s stock.

Insider Transactions at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by insiders.

Huntsman Trading Down 1.4 %

HUN stock opened at $18.30 on Thursday. Huntsman Co. has a 52 week low of $18.24 and a 52 week high of $27.01. The company has a market capitalization of $3.17 billion, a PE ratio of -26.52 and a beta of 0.97. The company’s 50-day simple moving average is $20.95 and its 200 day simple moving average is $22.01. 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 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. As a group, sell-side analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.46%. Huntsman’s dividend payout ratio is presently -144.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HUN shares. UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Citigroup cut their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.71.

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.