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.
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.
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.
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 […]
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.
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.
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 […]
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.
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.
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 […]
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 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 […]
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.
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.
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.
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.
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.
On May 22, 2017, Huntsman (HUN) and Clariant announced that their respective boards have approved a merger to form a new entity called HuntsmanClariant.
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.
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%.
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.
On December 30, 2016, Huntsman (HUN) announced the completion of the previously announced sale of its European surfactants business to Innospec (IOSP).
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.
In 4Q14, TPG-Axon Capital Management increased holdings in Huntsman (HUN), Allison Transmission Holdings (ALSN), KAR Auction Services (KAR), and Zynga (ZNGA).
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 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.
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.
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.
