Ieq Capital LLC Buys 63,085 Shares of Huntsman Co. (NYSE:HUN)

Ieq Capital LLC raised its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 390.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 79,230 shares of the basic materials company's stock after acquiring an additional 63,085 shares during the period. Ieq Capital LLC's holdings in Huntsman were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HUN. New York State Common Retirement Fund raised its holdings in Huntsman by 41.2% in the fourth quarter. New York State Common Retirement Fund now owns 372,799 shares of the basic materials company's stock worth $6,722,000 after purchasing an additional 108,715 shares during the period. Sanctuary Advisors LLC raised its stake in Huntsman by 40.5% during the 4th quarter. Sanctuary Advisors LLC now owns 31,306 shares of the basic materials company's stock worth $541,000 after buying an additional 9,025 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Huntsman by 20.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 108,484 shares of the basic materials company's stock worth $1,956,000 after acquiring an additional 18,198 shares in the last quarter. Empowered Funds LLC grew its stake in Huntsman by 10.0% in the fourth quarter. Empowered Funds LLC now owns 34,950 shares of the basic materials company's stock valued at $630,000 after acquiring an additional 3,167 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Huntsman by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,704 shares of the basic materials company's stock worth $2,093,000 after acquiring an additional 19,601 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on HUN shares. Mizuho decreased their price objective on Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley reduced their price target on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. UBS Group reduced their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada increased their target price on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Huntsman has a consensus rating of "Hold" and a consensus price target of $21.63.

Huntsman Stock Down 0.1 %

NYSE:HUN traded down $0.02 on Friday, hitting $16.90. 3,790,085 shares of the company's stock were exchanged, compared to its average volume of 2,947,059. The company has a market cap of $2.92 billion, a P/E ratio of -15.36 and a beta of 0.95. The firm has a 50-day moving average price of $17.31 and a 200-day moving average price of $20.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a 52 week low of $15.67 and a 52 week high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results 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). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. As a group, analysts expect that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman's dividend payout ratio (DPR) is presently -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.