Huntsman Co. (NYSE:HUN) Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Huntsman Co. (NYSE:HUN) by 35.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,376,868 shares of the basic materials company’s stock after purchasing an additional 357,136 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Huntsman worth $24,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after acquiring an additional 124,841 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Huntsman by 152.7% in the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock worth $2,440,000 after buying an additional 60,072 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Huntsman in the fourth quarter worth $569,000. Ieq Capital LLC lifted its stake in shares of Huntsman by 390.7% in the fourth quarter. Ieq Capital LLC now owns 79,230 shares of the basic materials company’s stock worth $1,429,000 after buying an additional 63,085 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Huntsman in the third quarter worth $5,317,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 2.7 %

Shares of Huntsman stock opened at $17.33 on Monday. The firm has a market capitalization of $3.00 billion, a PE ratio of -15.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The company’s fifty day moving average price is $17.17 and its two-hundred day moving average price is $19.84. Huntsman Co. has a 52-week low of $15.46 and a 52-week high of $26.76.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. On average, analysts expect that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s payout ratio is -90.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HUN shares. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Mizuho reduced their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Citigroup dropped their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Morgan Stanley dropped their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Huntsman presently has an average rating of “Hold” and an average price target of $20.50.

Huntsman 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.