Polymer Capital Management US LLC Invests $1.26 Million in Huntsman Co. (NYSE:HUN)

Polymer Capital Management US LLC bought a new position in Huntsman Co. (NYSE:HUN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,776 shares of the basic materials company's stock, valued at approximately $1,258,000.

A number of other large investors have also modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings in Huntsman by 320.2% in 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 buying an additional 3,578,100 shares in the last quarter. Norges Bank purchased a new stake in shares of Huntsman during the fourth quarter worth about $37,464,000. Bank of New York Mellon Corp lifted its stake in shares of Huntsman by 35.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company's stock worth $24,825,000 after acquiring an additional 357,136 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $102,529,000 after purchasing an additional 349,502 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Huntsman by 37.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,270,343 shares of the basic materials company's stock valued at $22,903,000 after purchasing an additional 343,964 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on HUN shares. Citigroup reduced their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Alembic Global Advisors downgraded shares of Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their target price on shares of Huntsman from $20.00 to $17.00 and set an "overweight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group lowered their price objective on Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $18.00.

Huntsman Stock Performance

NYSE HUN traded up $0.20 during trading hours on Friday, reaching $13.64. The company's stock had a trading volume of 3,458,514 shares, compared to its average volume of 2,321,436. The stock has a market cap of $2.37 billion, a PE ratio of -12.40 and a beta of 0.85. The business has a 50-day simple moving average of $16.24 and a 200 day simple moving average of $18.65. Huntsman Co. has a 52 week low of $11.90 and a 52 week high of $25.92. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Equities research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company 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. This represents a $1.00 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date was Friday, March 14th. Huntsman's payout ratio is -90.91%.

About Huntsman

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.