Goldman Sachs Group Inc. Sells 265,304 Shares of Huntsman Co. (NYSE:HUN)

Goldman Sachs Group Inc. lessened its stake in shares of Huntsman Co. (NYSE:HUN) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,059,264 shares of the basic materials company’s stock after selling 265,304 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.61% of Huntsman worth $26,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HUN. Norges Bank bought a new stake in shares of Huntsman during the fourth quarter worth $43,761,000. Victory Capital Management Inc. grew its stake in shares of Huntsman by 6,496.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company’s stock worth $36,637,000 after buying an additional 1,435,782 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Huntsman by 101.9% during the third quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock worth $43,727,000 after buying an additional 904,696 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Huntsman by 644.0% during the fourth quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock worth $9,516,000 after buying an additional 448,270 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Huntsman by 591.3% during the fourth quarter. 1832 Asset Management L.P. now owns 336,120 shares of the basic materials company’s stock worth $8,447,000 after buying an additional 287,500 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

HUN stock opened at $23.44 on Monday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -45.08 and a beta of 1.07. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. Huntsman Co. has a 12-month low of $22.14 and a 12-month high of $29.90. The company’s fifty day simple moving average is $24.29 and its 200 day simple moving average is $24.73.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was down 8.5% compared to the same quarter last year. On average, analysts expect that Huntsman Co. will post 0.41 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Friday, June 14th. Huntsman’s dividend payout ratio (DPR) is currently -192.31%.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. The Goldman Sachs Group lifted their price target on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $22.00 to $27.00 in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus price target of $27.20.

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.