Latest Huntsman Corp News and Updates
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.
What Are LyondellBasell’s Global Rankings?
LyondellBasell (LYB) is the leading global producer of olefins and polyolefins.
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.
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.
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.
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.
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’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 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.
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.”
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 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.
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.