KLP Kapitalforvaltning AS Takes Position in Huntsman Co. (NYSE:HUN)

KLP Kapitalforvaltning AS acquired a new position in shares of Huntsman Co. (NYSE:HUN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,000 shares of the basic materials company's stock, valued at approximately $595,000.

Other institutional investors also recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in shares of Huntsman during the fourth quarter valued at about $425,000. Quantbot Technologies LP raised its stake in shares of Huntsman by 14.8% during the 4th quarter. Quantbot Technologies LP now owns 138,483 shares of the basic materials company's stock worth $2,497,000 after acquiring an additional 17,835 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Huntsman by 237.4% during the fourth quarter. Teacher Retirement System of Texas now owns 36,873 shares of the basic materials company's stock valued at $665,000 after acquiring an additional 25,946 shares during the last quarter. Boston Partners acquired a new stake in Huntsman in the fourth quarter valued at approximately $2,268,000. Finally, Advisors Asset Management Inc. grew its stake in Huntsman by 98.4% during the 4th quarter. Advisors Asset Management Inc. now owns 234,062 shares of the basic materials company's stock worth $4,220,000 after buying an additional 116,072 shares during the last quarter. Institutional investors own 84.81% of the company's stock.

Huntsman Stock Performance

Huntsman stock traded down $0.34 during midday trading on Monday, hitting $13.09. 5,171,198 shares of the company were exchanged, compared to its average volume of 2,260,665. 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 firm has a market capitalization of $2.28 billion, a PE ratio of -11.90 and a beta of 0.85. The business has a fifty day simple moving average of $16.68 and a two-hundred day simple moving average of $19.00. Huntsman Co. has a fifty-two week low of $12.43 and a fifty-two week high of $25.98.

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Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS 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 analysts' expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. On average, sell-side analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 7.64%. Huntsman's dividend payout ratio (DPR) is presently -90.91%.

Analysts Set New Price Targets

A number of analysts recently commented on HUN shares. Citigroup lowered their target price on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday. Mizuho dropped their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Alembic Global Advisors lowered Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Royal Bank of Canada raised their price objective on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. One research 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.com, Huntsman presently has a consensus rating of "Hold" and an average price target of $18.38.

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.