Kansas City Southern’s Freight Volumes versus US Railroads in Week 52
Kansas City Southern (KSU) registered a 3.8% gain in carload traffic in the 52nd week of 2017, going against the trend among other US railroads.
Comparing NSC’s Carload Traffic in Week 46
Week 46: NSC’s carload traffic The Eastern US rail freight market is dominated by Norfolk Southern (NSC) and CSX (CSX). In the week ended November 18, 2017, NSC’s carload traffic fell very slightly by 0.2% to 67,400 units from 67,500 units in the week ended November 19, 2016. Norfolk Southern reported a much lower percentage fall […]
TPG-Axon Capital Management Increases Four Positions in 4Q14
In 4Q14, TPG-Axon Capital Management increased holdings in Huntsman (HUN), Allison Transmission Holdings (ALSN), KAR Auction Services (KAR), and Zynga (ZNGA).
Singh’s TPG-Axon Capital Management buys a new stake in Equinix
Dinakar Singh’s TPG-Axon initiated a new position in Equinix Inc. (EQIX), a global interconnection and data center company, that accounts for 6.09% of the fund’s portfolio.
How LyondellBasell’s Valuations Compare with Peers
As of January 25, 2018, LYB’s one-year forward price-to-earnings multiple stood at 12.60x, while its peer Eastman Chemical (EMN) had a one-year forward price-to-earnings multiple of 12.20x.
What Are LyondellBasell’s Global Rankings?
LyondellBasell (LYB) is the leading global producer of olefins and polyolefins.
Leveraged Loan Funds Continue to Witness Inflows
According to data from Lipper, leveraged loan funds saw an inflow for the third consecutive week. The inflows came totaled $126 million last week.
Why Leveraged Loan Funds Saw Outflows after 3 Weeks of Inflows
Collateralized loan obligation (or CLO) deals worth $451 million were priced last week. Year-to-date CLO issuance stands at $7.1 billion.
Eastman Chemical Saw a Marginal Fall in Q3 2018
On October 25, Eastman Chemical (EMN) announced its third-quarter earnings results. EMN reported adjusted EPS of $2.34.
Intermodal Growth Pushes BNSF Railway’s Railcar Traffic in Week 2
BNSF Railway’s railcar traffic In the week ended January 13, 2018, Warren Buffet’s BNSF Railway (BRK-B) recorded a minor carload traffic loss of 0.5%. The company hauled ~95,000 carloads, compared with ~95,300 carloads in the week ended January 14, 2017. BNSF Railway’s carload traffic fall was much lower than the 4.1% loss reported by US railroads […]
Chemours’ 3Q16 Revenues Decline on Divestitures
Chemours reported revenues of $1.4 billion in 3Q16, as compared to $1.48 billion in 3Q15, which implies a 5.4% fall in revenues on a YoY basis.
JANA Partners opens new positions in MNK, OUTR, NWSA, and HUN and sells HMA and AET—13F Flash B
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High yield debt issuance resurges in the primary market
New issue volumes for high yield debt rose 13.3% week-over-week to $6.8 billion across nine issues in the week ending October 31. Issuance had come in at $6 billion across 12 deals in the week ended October 24.
Why JANA Partners sold stake in Huntsman
JANA Partners’ 13F filing said the fund sold its position in Huntsman (HUN) that accounted for 3.27% of JANA’s 4Q 2013 portfolio.
TPG-Axon Capital Management buys a stake in Hertz Global Holdings
TPG-Axon opened a new position in Hertz Global Holdings Inc. (HTZ) that accounts for 5.65% of the fund’s 4Q portfolio.
Assessing Dinakar Singh’s TPG-Axon Capital positions in 4Q13
TPG-Axon Capital Management LP (or TAC) is a privately owned $4 billion hedge fund firm founded by Dinakar Singh in February 2005.
Eastman Chemical’s Cedroz Received EU Product Authorization
On February 20, Eastman Chemical (EMN) announced that Cedroz received authorization from the Regulatory Affairs Directorate in Malta.
Celanese Will Increase GUR and GHR Prices
On December 18, Celanese (CE) announced that it will increase the prices for the GUR and GHR grades of UHMW-PE polymers.
Eastman Chemical and Clariant’s Collaboration
On December 12, Eastman Chemical (EMN) announced that it entered into a collaboration with Clariant to distribute its Tamisolve NxG solvent.
LyondellBasell’s Dividend Yield Peaked
As of the close on December 6, LyondellBasell’s (LYB) dividend yield was 4.53%—the highest yield in the past six years on a sequential basis.
Eastman Chemical’s Debt-to-Equity Ratio Will Increase
At the end of the third quarter, Eastman Chemical’s total debt was $6.62 billion. The company’s debt increased after declining for three years.
Eastman Chemcial’s Tritan Gets New Client from Thailand
On July 12, Eastman Chemical (EMN) announced that it has a new order for its Tritan from Bangkok-based JCP Plastic.
Dow Chemical’s Expansion Plans and New Investments
On June 14, Dow Chemical announced its expansion plans to meet growing end-market demand and applications.
What Caused LYB’s Refining Segment’s Earnings to Turn Positive?
LyondellBasell’s (LYB) Refining segment accounted for 23.1% of its total revenue in 4Q17 compared to 20.1% in 1Q18.
Huntsman Completes Demilec Acquisition
On April 23, Huntsman (HUN) announced that it had completed the acquisition of Demilec, a leading manufacturer and distributor of spray polyurethane foam (SPF) insulation systems.
Will Eastman Chemical’s Debt Position Continue to Improve?
At the end of 2017, Eastman Chemical (EMN) reported debt of $6.54 billion compared to $6.59 billion in 2016.
Chemours Increases Fluoropolymer Prices
On March 29, 2018, Chemours (CC) announced a price increase for its range of fluoropolymer products across the globe.
Tetrashield: Eastman Chemical’s Game Changer
Eastman Chemical (EMN) will demonstrate Tetrashield at the upcoming American Coatings Show in Indianapolis on April 10–12.
Huntsman Acquired Demilec for $350 Million
On March 13, 2018, Huntsman (HUN) announced that it acquired Demilec. Huntsman will pay $350 million in cash for the acquisition.
Update on Eastman Chemical’s Higher Product Prices
On March 16, 2018, Eastman Chemical (EMN) announced price hikes for certain products. The price hikes will be effective on April 1, 2018.
Huntsman Corporation Raises Its Cash Dividend by 30%
On February 23, 2018, Huntsman Corporation (HUN) increased its quarterly dividend by 30.0%. Annually, its dividend equals $0.65 per share.
Celanese Increases Prices of Polymer Products
On January 24, 2018, Celanese (CE) announced price hikes for propylene-based short-fiber and long-fiber thermoplastic compounds and its polyamide-based polymer grades.
How Canadian Pacific’s Railcar Traffic Trended in Week 3
In line with its carload traffic growth, Canadian Pacific Railway reported 11.5% growth in intermodal volumes.
Comparing Kansas City Southern’s Volumes with the Industry’s
Kansas City Southern’s volumes After opening 2018 with a negative first week, Kansas City Southern (KSU) witnessed a positive week. The company’s carload traffic rose 6.3% to ~25,200 units in the week ended January 13, 2018, from 23,700 units in the second week of 2017. KSU, the smallest Class I railroad in the United States, earns […]
Why CSX’s Merchandise Freight Revenues Fell in 4Q17
CSX’s (CSX) General Merchandise revenues fell by $152.0 million or 8% to $1.74 billion in 4Q17, down from $1.89 billion in 4Q16.
A Summary of Norfolk Southern’s Freight Traffic in Week 52
In the final week of 2017, Eastern US giant Norfolk Southern (NSC) posted a 9.5% decline in carload traffic.
Commodities that Pulled Down CSX’s Carload Traffic in Week 52
Rail giant CSX (CSX) reported double-digit carload traffic loss in the 52nd week of 2017. The company’s carload traffic slumped 15.7% that week.
US Rail Freight Traffic Derailed in Week 52
The year proved to be a better year for US rail freight (UNP) traffic, though freight volumes were still lower than the levels we saw in 2014 and 2015.
Huntsman Gives Updates on Management Changes
On December 19, Huntsman (HUN) announced changes to its board.
Why Analysts Are Quickly Raising Huntsman’s Target Prices
The analyst consensus target price for Huntsman is $37.55, which implies a return potential of 20.9%.
Huntsman’s Rising Interest Coverage Ratio Improves Investor Confidence
At the end of 3Q17, Huntsman’s interest expense stood at $134 million as compared to $153 million in 3Q16.
Huntsman’s Debt-to-Equity Ratio Is Getting Stronger and Stronger
Huntsman’s (HUN) debt has been on a declining trend ever since it peaked at $5.2 billion in 2014.
Huntsman Repays Its Senior Term Loan
On December 4, 2017, Huntsman (HUN) announced that it would pay the remaining $511 million of its Term Loan B due in 2023.
These Commodities Boosted Volumes for Norfolk Southern in Week 47
NSC’s carload traffic was up 5.7% to ~58,000 units in the week ended November 25, 2017, compared with 54,800 units in the week ended November 26, 2016.
Venator to Participate in Food Ingredients Europe
Venator, a spin-off of Huntsman (HUN), rose 0.80% and closed at $23.28 for the week ending November 24, 2017. The stock was listed on August 3, 2017.
Huntsman to Pay 4Q17 Dividend in December
On November 6, HUN announced that it will pay a dividend of $0.125 per share on December 29, which implies no change in its dividend rate over 4Q16.
Huntsman and Clariant Call Off their Merger
On October 27, Huntsman (HUN) and Clariant announced that they mutually agreed to terminate a proposed merger of equals. The decision was approved by both boards.
What Celanese’s Interest Coverage Ratio Can Tell You
In 2012, CE’s interest expense was $185.0 million and had gradually declined to $120.0 million in 2016.
Venator to Close 2 Facilities as Part of Business Improvement
On September 18, 2017, Venator Materials (VNTR), a spin-off of Huntsman (HUN), announced a $90.0 million business improvement plan.
Huntsman’s 3Q17 Expectations amid Hurricane Harvey Impact
Huntsman expects its Texas Gulf Coast facility to be fully operational once the engineering and safety checks are completed and there are available raw materials.
W.R. Grace’s Interest Coverage Improves: A Good Sign?
W.R. Grace’s (GRA) high debt level has resulted in higher interest expense for the company.
What’s Driving Eastman Chemical’s Stock Price?
At the end of September 12, 2017, Eastman Chemical has returned 14.6% and has managed to outperform the broad-based SPDR S&P 500 ETF (SPY), which has returned 11.9% so far.
What PolyOne’s Dividend Yield Suggests
If PolyOne maintains its dividend rate, we can expect it to pay a dividend of $0.54 per share for fiscal 2017.
How Huntsman’s Valuation Compares
Huntsman’s forward price-to-earnings multiple On September 13, 2017, Huntsman’s (HUN) one-year forward PE (price-to-earnings) multiple was 12.4x. To compare, peer Eastman Chemical’s (EMN) multiple was 10.8x. Forward PE multiples can be used to compare companies operating in the same industry. Huntsman trades at premium At present, Huntsman is trading at a premium to Eastman Chemical. Analysts expect Huntsman […]
How Attractive Is Eastman Chemical’s Dividend Yield?
Eastman Chemical’s dividend payout has remained steady in the range of 28% to 32% from 2014 to 2016.
Why Most Analysts Recommend ‘Buy’ for Huntsman
Analysts’ consensus for Huntsman The number of analysts covering Huntsman (HUN) stock has increased from eight analysts to nine analysts in the last month. Among them, 89% of the analysts have recommended “buy,” and 11% have recommended “hold.” There were no “sell” recommendations. Analysts have raised Huntsman’s 12-month target price to $30.11 from $28.71, implying a potential […]
Huntsman’s Dividend Yield Falls as Its Stock Price Rises
Huntsman’s dividend yield Dividend yields are very important for long-term investors, as they fetch a steady income. Investors prefer companies with a strong dividend yield and growth. As Huntsman (HUN) has maintained its dividend rate, we can expect it to pay a fiscal 2017 dividend of $0.50 per share At this dividend rate, Huntsman’s dividend yield […]
Huntsman Keeps Its Quarterly Dividend Stable
Huntsman (HUN) has declared a 3Q17 dividend of $0.13 per share, and is expected to pay it on September 29, 2017.
Eastman Chemical Hiked Acids and Aldehydes Prices
On September 5, 2017, Eastman Chemical announced that it would hike acids and aldehydes prices. The price hikes will be effective on September 6, 2017.
Is LyondellBasell’s Dividend Yield the Best among Its Peers?
As of September 7, 2017, LyondellBasell’s current dividend yield stood at ~3.90%. LyondellBasell’s dividend yield is higher than its peers.
Analyzing LyondellBasell’s 3Q17 Dividend
LyondellBasell’s (LYB) board approved its 3Q17 dividend on August 23, 2017. LyondellBasell will pay a dividend of $0.90 per share on September 13, 2017.
Analyzing Westlake Chemical’s Stock Performance
With big gains, Westlake Chemical stock has been trading 13.80% above its 100-day moving average price of $66.12, which indicates a clear upward trend.
Westlake Chemical Has a Low Dividend Yield
At the end of 2Q17, Westlake Chemical’s dividend payout ratio stood at 17.10%. Since 2012, its dividend payout has been 9.0%–24%.
What’s the FTC’s Stance on the Huntsman-Clariant Merger?
On August 15, Huntsman provided an update on its merger with Clariant. It’s on track to meet the regulatory conditions required to complete the merger.
Venator IPO Closes: Will Huntsman Benefit?
On August 8, 2017, Huntsman (HUN) announced that its subsidiary, Venator Materials, had closed its initial IPO of 26,105,000 ordinary shares.
Analyzing APD’s Industrial Gases-Americas Segment in 3Q17
Air Products & Chemicals’ (APD) Industrial Gases-Americas segment was the largest revenue contributor to the company’s overall revenue.
Huntsman and Clariant Agree to Merge
On May 22, 2017, Huntsman (HUN) and Clariant announced that their respective boards have approved a merger to form a new entity called HuntsmanClariant.
Huntsman Increases Price of Titanium Dioxide across Regions
On May 8, 2017, Huntsman’s (HUN) spinoff division Venator announced a price increase for its titanium dioxide pigments.
Huntsman Announces More Closures at Calais Facility
On March 17, 2017, Huntsman (HUN) announced plans to close down the white end finishing and packaging operation of its titanium dioxide manufacturing facility in Calais, France.
Huntsman on the Street: What the Analysts Are Saying
On March 16, 2017, of the 12 brokerage firms tracking Huntsman stock, 58% have recommended a “buy,” and 42% analysts have recommended a “hold.”
What Huntsman’s Inconsistent Dividend Means to Investors
On March 16, 2017, Huntsman stock closed at $22.55. With its 1Q17 quarterly dividend of $0.125 per share, HUN’s current dividend yield now stands at 2.21%.
Inside Huntsman’s 1Q17 Dividend
On February 9, 2017, Huntsman (HUN) announced a dividend of $0.125 per share for 1Q17 on the company’s outstanding common stock.
Huntsman to Keep 40% Economic Interest in Venator
On February 16, 2017, Huntsman received approval from the IRS to keep a 40.0% interest in Venator Materials.
Huntsman Names Venator Materials Its Spin-Off Entity
On January 17, 2017, Huntsman (HUN) announced the name of its proposed spin-off for its pigments and additives business. It will be called Venator Materials Corporation.
How Will Huntsman’s Interest Expense Look Going Forward?
Huntsman’s (HUN) interest expense in the first three quarters of 2016 hovered between $50 million to $52 million per quarter.
Huntsman Completed Sale of European Surfactants Business
On December 30, 2016, Huntsman (HUN) announced the completion of the previously announced sale of its European surfactants business to Innospec (IOSP).
How Huntsman Aims to Improve Its Debt Position
At the end of 3Q16, Huntsman’s (HUN) debt stood at $4.6 billion.
Huntsman Stock Rises on Refinancing News
On November 15, 2016, Huntsman (HUN) announced that it had refinanced its term loan B due in 2021 and term loan B due in 2023.
Albemarle Gets Exclusive Rights to Explore for Lithium
On September 12, 2016, Albemarle (ALB) announced that it had reached an agreement with Bolland Minera S.A. for the exclusive exploration and acquisition rights to a lithium resource in Antofalla.
Analyzing LyondellBasell’s Shareholder Returns
LyondellBasell (LYB) has returned more cash to shareholders through dividends and share buybacks than its peers.
Dow’s Performance Materials & Chemicals Segment: Growth Drivers
The Dow Chemical Company’s Performance Materials & Chemicals segment is the company’s second-largest segment.
What Positions Did TPG-Axon Management Add in 4Q14?
In 4Q14, TPG-Axon Management initiated stakes in Air Lease Corporation (AL), Axalta Coatings Systems Ltd. (AXTA), IMS Health Holdings Inc. (IMS), and Ubiquiti Networks Inc. (UBNT).
Ascend Capital’s New Position in Huntsman Corp.
Ascend Capital started a new position in Huntsman Corp. (HUN). According to the latest 13F filings for 4Q14, it accounts for 2.45% of the hedge fund’s total portfolio.
Why DuPont is spinning off its performance chemicals segment
DuPont expects to enable both companies to pay dividends that in total equal DuPont’s dividend at the time of separation.
Singh’s TPG-Axon sells its shares in Twenty-First Century Fox
TPG-Axon exited a position in Twenty-First Century Fox-A (FOXA) that accounted for 5.23% of the fund’s 3Q portfolio.