Marshall Wace LLP increased its position in Huntsman Co. (NYSE:HUN - Free Report) by 61.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,712,163 shares of the basic materials company's stock after acquiring an additional 650,951 shares during the period. Marshall Wace LLP owned approximately 0.99% of Huntsman worth $30,870,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Huntsman by 0.8% during 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 buying an additional 130,702 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Huntsman by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after acquiring an additional 349,502 shares in the last quarter. Pzena Investment Management LLC boosted its position in Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after acquiring an additional 3,578,100 shares during the period. Geode Capital Management LLC grew its stake in shares of Huntsman by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company's stock worth $62,538,000 after purchasing an additional 40,330 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Huntsman during the fourth quarter valued at $37,464,000. 84.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HUN has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company decreased their price objective on shares of Huntsman from $20.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Mizuho dropped their target price on Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley cut their price objective on Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.67.
Check Out Our Latest Stock Report on Huntsman
Huntsman Trading Up 2.5 %
HUN traded up $0.32 during trading on Tuesday, reaching $13.09. The company had a trading volume of 6,701,270 shares, compared to its average volume of 2,389,421. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman Co. has a 12-month low of $11.90 and a 12-month high of $25.92. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -11.90 and a beta of 0.85. The firm's 50-day simple moving average is $15.71 and its 200 day simple moving average is $18.11.
Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Equities research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.
Huntsman Dividend Announcement
The firm also recently announced 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 annualized dividend and a yield of 7.64%. Huntsman's dividend payout ratio (DPR) is presently -90.91%.
Huntsman Profile
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Free Report)
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.
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