New York State Common Retirement Fund grew its stake in Huntsman Co. (NYSE:HUN - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 372,799 shares of the basic materials company's stock after purchasing an additional 108,715 shares during the quarter. New York State Common Retirement Fund owned approximately 0.22% of Huntsman worth $6,722,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of HUN. Sanctuary Advisors LLC raised its stake in Huntsman by 40.5% during the fourth quarter. Sanctuary Advisors LLC now owns 31,306 shares of the basic materials company's stock valued at $541,000 after buying an additional 9,025 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Huntsman by 20.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 108,484 shares of the basic materials company's stock valued at $1,956,000 after acquiring an additional 18,198 shares in the last quarter. Empowered Funds LLC lifted its stake in Huntsman by 10.0% during the fourth quarter. Empowered Funds LLC now owns 34,950 shares of the basic materials company's stock worth $630,000 after purchasing an additional 3,167 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Huntsman by 20.0% during 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 purchasing an additional 19,601 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new position in Huntsman in the fourth quarter worth $181,000. Institutional investors own 84.81% of the company's stock.
Huntsman Stock Down 0.1 %
Shares of HUN stock traded down $0.02 on Friday, reaching $16.90. 3,790,085 shares of the company's stock traded hands, compared to its average volume of 2,947,161. 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 $15.67 and a 12-month high of $27.01. The business's 50 day moving average price is $17.28 and its two-hundred day moving average price is $19.99. The company has a market capitalization of $2.92 billion, a P/E ratio of -15.36 and a beta of 0.95.
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). 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 for the quarter, compared to analysts' expectations of $1.45 billion. On average, equities analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.
Huntsman Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 5.92%. Huntsman's dividend payout ratio is currently -90.91%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on HUN shares. Mizuho reduced their price target on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Citigroup dropped their price target on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. UBS Group reduced their price objective on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Royal Bank of Canada lifted their price target on Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley dropped their target price on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.63.
Read Our Latest Research Report on HUN
Huntsman Profile
(
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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