Canada Pension Plan Investment Board Cuts Stock Holdings in Huntsman Co. (NYSE:HUN)

Canada Pension Plan Investment Board lessened its stake in Huntsman Co. (NYSE:HUN - Free Report) by 40.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,100 shares of the basic materials company's stock after selling 209,000 shares during the quarter. Canada Pension Plan Investment Board owned about 0.18% of Huntsman worth $5,645,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HUN. Principal Financial Group Inc. raised its position in shares of Huntsman by 10.3% in the 3rd 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 during the period. Vanguard Group Inc. increased its stake in Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after purchasing an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Huntsman by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock worth $102,529,000 after purchasing an additional 349,502 shares during the period. First Hawaiian Bank bought a new position in shares of Huntsman during the fourth quarter worth $569,000. Finally, Madison Investment Advisors LLC acquired a new position in shares of Huntsman in the 4th quarter valued at $1,338,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Stock Up 3.6 %

Huntsman stock traded up $0.46 during mid-day trading on Thursday, reaching $13.36. The stock had a trading volume of 3,846,035 shares, compared to its average volume of 2,413,798. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The stock's 50-day simple moving average is $15.55 and its 200-day simple moving average is $18.00. Huntsman Co. has a fifty-two week low of $11.86 and a fifty-two week high of $25.92. The firm has a market capitalization of $2.32 billion, a PE ratio of -12.15 and a beta of 0.85.

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

Huntsman Dividend Announcement

The business also recently announced 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 dividend yield of 7.49%. Huntsman's dividend payout ratio is currently -90.91%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Huntsman from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and cut their price objective for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Royal Bank of Canada raised their target price on shares of Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. Mizuho reduced their price target on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Alembic Global Advisors cut Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $17.67.

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.