BNP Paribas Financial Markets lifted its position in Huntsman Co. (NYSE:HUN - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,564 shares of the basic materials company's stock after acquiring an additional 47,449 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of Huntsman worth $5,273,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Huntsman in the 4th quarter valued at about $43,761,000. Victory Capital Management Inc. boosted its stake in shares of Huntsman by 6,496.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company's stock valued at $36,637,000 after buying an additional 1,435,782 shares during the period. Wellington Management Group LLP grew its holdings in shares of Huntsman by 75.9% during the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company's stock valued at $79,198,000 after acquiring an additional 1,359,437 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Huntsman by 644.0% in the fourth quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company's stock worth $9,516,000 after acquiring an additional 448,270 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Huntsman by 591.3% during the fourth quarter. 1832 Asset Management L.P. now owns 336,120 shares of the basic materials company's stock worth $8,447,000 after acquiring an additional 287,500 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. JPMorgan Chase & Co. raised Huntsman from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $22.00 to $27.00 in a research report on Friday, June 7th. Citigroup dropped their price objective on Huntsman from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, June 27th. Wells Fargo & Company reduced their target price on shares of Huntsman from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group dropped their price target on shares of Huntsman from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada upped their price objective on shares of Huntsman from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Huntsman has a consensus rating of "Hold" and an average price target of $26.50.
View Our Latest Research Report on HUN
Huntsman Stock Performance
Shares of Huntsman stock traded down $0.05 during trading on Friday, reaching $22.54. The company's stock had a trading volume of 2,564,731 shares, compared to its average volume of 1,916,706. Huntsman Co. has a one year low of $21.41 and a one year high of $29.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -43.35 and a beta of 1.01. The business's fifty day moving average price is $23.83 and its 200-day moving average price is $24.44.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company's revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. As a group, equities research analysts predict that Huntsman Co. will post 0.4 earnings per share for the current year.
Huntsman Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.25 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 4.44%. Huntsman's dividend payout ratio is -192.31%.
About Huntsman
(
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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