Vanguard Group Inc. Has $297.17 Million Stock Position in Huntsman Co. (NYSE:HUN)

Vanguard Group Inc. lifted its holdings in Huntsman Co. (NYSE:HUN) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,482,011 shares of the basic materials company’s stock after purchasing an additional 130,702 shares during the quarter. Vanguard Group Inc. owned about 9.53% of Huntsman worth $297,171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Huntsman by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after acquiring an additional 674 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Huntsman by 4.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock valued at $571,000 after buying an additional 1,212 shares in the last quarter. EMC Capital Management lifted its position in shares of Huntsman by 21.5% during the 4th quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 1,821 shares during the period. R Squared Ltd bought a new stake in Huntsman during the fourth quarter worth about $40,000. Finally, Signaturefd LLC boosted its position in shares of Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 2,788 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HUN. Royal Bank of Canada upped their price target on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Morgan Stanley lowered their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Citigroup dropped their price objective on shares of Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. Wells Fargo & Company cut their target price on Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. dropped their price target 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 assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.63.

Huntsman Price Performance

Shares of Huntsman stock opened at $13.38 on Friday. The company’s fifty day simple moving average is $16.76 and its two-hundred day simple moving average is $19.11. Huntsman Co. has a 12-month low of $12.46 and a 12-month high of $25.98. The firm has a market cap of $2.32 billion, a PE ratio of -12.16 and a beta of 0.95. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.

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

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 7.48%. Huntsman’s payout ratio is -90.91%.

About Huntsman

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.